Merit scholarships: Funds in addition to financial aid
When it is time to begin formulating a way of paying for college, it can be very frightening. Costs have increased dramatically for the colleges and universities due to the poor economy, and they are passing this along to the students in the form of rising tuition, room and board, and fees. Financial aid is available if you meet the income qualifications that determine need. These federal and state grants are predominantly based on financial need. You may not qualify for much assistance, but you still may not have the funds to pay for your education. This is where merit scholarships can be the answer.
Merit scholarships are based on your accomplishments, talents, or abilities. It may be from previous coursework or a particularly high score on an achievement test. It may be for notable extracurricular activities such as the debate team or the school choir. Some will require an application, and some will come in the form of an award.
Obviously, a graduating senior would have an advantage on a merit scholarship over a returning adult student. However, there are many different kinds of scholarships and grants for returning students that may be of assistance. If you are employed, you should ascertain whether your employer has tuition reimbursement, which could help pay for your education. The classwork usually must be in your particular job genre.
Your high school teachers and guidance counselors are the most valuable resource you have at your disposal for information about merit scholarships. You should also search the Internet for opportunities through organizations and corporations of which your school has not been informed.