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5 Difference Between Academic and Merit Scholarships

Filed in Articles by on February 21, 2020

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5 Difference Between Academic and Merit Scholarships

5 Difference Between Academic and Merit Scholarships: To get a scholarship you need to know what type suites you. This is because, wrong choice of scholarship has denied many the chance of grabbing a scholarship. Thus, it’s pertinent you know the difference between these scholarships. Hence, in this article, you shall read about the 5 difference between academic/merit scholarships. This will guide you in making the right choice when choosing.

Also, in this article, you shall read about:

5 Difference Between Academic and Merit Scholarships

What is a Scholarship?

A scholarship is an award of financial aid. Also, it’s for students to further their education. Furthermore, they are awarded based upon various criteria,. And these criteria usually reflect the values and purposes of the donor or founder of the scholarship. Also, scholarship money is not required to be repaid by the student.

Meaning of Academic Scholarship

These are scholarships awarded to a small percentage of prospective students. And they’re based on the following:
  • High school grade point average (GPA).
  • Furthermore, based on SAT/ACT admissions test scores.
  • Additionally, some are restricted to students who are valedictorians or salutatorians.
  • Also, on high class rank.
  • Additionally, they’re awarded to those who have demonstrated a high degree of scholastic aptitude and performance.
While academic scholarships are primarily based on a students GPA, note. Award committees also commonly take into consideration other factors. Including extracurricular activities and leadership qualities.

What is Merit Scholarship?

A merit scholarship is awarded based on student’s merit. And not based on need for financial aid. Furthermore, this means that an applicant’s performance within a targeted area is evaluated by the scholarship committee. And that the most outstanding applicants in that area will ultimately receive the scholarships. This is regardless of their financial standing.

The merits upon which some scholarships are awarded vary. And this depends on the organization that is granting them. However, some merit scholarships look at:

  • Overall academic performance.
  • Also, they look at test scores.
  • Additionally, they look at teacher recommendations.
  • While others are based entirely on your performance on a standardized test.
  • Also, others look at your performance and dedication within a certain field of study.

Thus, this scholarship requires excellence in academics. Also, it requires leadership or service.

Top 5 Difference Between Academic and Merit Scholarships

Below are some of the difference between academic/merit scholarships:

Top 5 Difference Between Academic/Merit Scholarships

Merit Scholarships

  • Merit scholarships are the most highly visible and coveted scholarship. Also, it offers the best opportunities available to the college bound student. Also, beyond the much needed financial aid they bring, note. Merit scholarships attach a certain level of prestige.
  • Also, they attach recognition to any college career. Additionally, they are awarded on the basis of achievement rather than need.
  • Furthermore, students must demonstrate an exceptional level performance. And this is in academics, athletics or other fields personal performance.
  • Also, it’s important to know that no two merit scholarships are entirely alike. Thus, they have different criteria. And this depends on the sponsoring institution. Also, on the field of expertise being considered.
  • Furthermore, some merit scholarships are decided by university boards. While others are offered by public and private organizations. Those looking to encourage and reward exceptional students in a particular field of study. However, despite your field of study or extracurricular activities, being awarded a merit scholarship depends on you and your achievement.

Academic Scholarships

  • These scholarships can be directly sponsored by universities and colleges. Or may be sponsored by private organizations or business affiliations. However, some may be subject specific. While others may be general in intent and criteria.
  • Also, they’re awarded on the basis of high school GPA. And on the basis of your ACT and SAT scores. Also, based on overall scholastic performance. Additionally, many academic scholarships also consider class ranking. And any honorary titles or awards you have won. With any community service you have performed.
  • Also, typically, thee scholarships are awarded to high school graduates. Those heading straight on to college.
  • Furthermore, these scholarships can run the gamut from full tuition awards, to smaller monetary awards meant to merely supplement your college funds. Also, in many cases a student will need to be nominated by their school. Or teacher in order to be considered eligible. Also, some academic scholarships are open to all applicants who meet the initial criteria for consideration. Particularly those sponsored by independent organizations or businesses.
  • Additionally, academic scholarships can have a long term benefit. This is far beyond the original grant of funds for college. After graduation, as you move into the workforce, these scholarships can help add to an already impressive resume.

FAQs

Some FAQs About the Difference Between Academic/Merit scholarships

There are many FAQs about these scholarships and their difference. However, below are some:

1. What is Academic Scholarships?

Answer:

These are scholarships awarded to a small percentage of prospective students. And they’re based on the following: High school grade point average (GPA). Furthermore, based on SAT/ACT admissions test scores. Additionally, some are restricted to students who are valedictorians or salutatorians.

2. What is a Scholarship?

Answer:

A scholarship is an award of financial aid. Also, it’s for students to further their education. Furthermore, they are awarded based upon various criteria,. And these criteria usually reflect the values and purposes of the donor or founder of the scholarship. Also, scholarship money is not required to be repaid by the student.

3. What is a Merit Scholarship?

Answer:

A merit scholarship is a scholarship awarded based on student’s merit. And not based on need for financial aid. Furthermore, this means that an applicant’s performance within a targeted area is evaluated by the scholarship committee. And that the most outstanding applicants in that area will ultimately receive the scholarships. This is regardless of their financial standing.

4. Are There Any Similarities Between Academic Scholarships and Merit Scholarships?

Answer:

Yes. They both aim at providing financial assistance to students.

5. Are Scholarship’s Money to be Repaid?

Answer:

No. Scholarship money is not required to be repaid by the student.

The above are some of the differences between academic and merit scholarships. Now that you’re informed, you can easily know which scholarship to apply for. Also, you can share this information to others. As such, feel free to share to your friends. Also, you can share on your social media platforms.

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