WHAT IS A MERIT SCHOLARSHIP (AND HOW TO GET ONE)

We all know that going to college is expensive. Many students turn to financial aid to help make the cost more manageable but, depending on the family’s income level, their options may be limited.

But, there is a way to get additional funds for college even if your student doesn’t qualify for need-based awards. And that solution is a merit scholarship.

COLLEGES AND UNIVERSITIES

Many educational institutions want to bring in the best and brightest students they can find as well as those who show talent in areas like sports, the arts, and even community involvement.

MERIT SCHOLARSHIP OPTIONS FROM MEMBER ORGANIZATIONS

Generally, member organizations want to have the highest caliber professionals associated with their group, and providing a merit scholarship is one way to attract talented students to the field and, ultimately, to the organization.

PRIVATE COMPANIES

A variety of businesses may offer merit scholarships for students majoring in a related field. This can be used as a recruitment method, as they will likely entice scholarship recipients to join their company upon graduation, or as a means of improving their public image.

NATIONAL MERIT SCHOLARSHIP CORPORATION

It is largely based on your child’s PSAT/NMSQT test results, so completing the exam is essential. This test is typically given during your student’s junior year in high school, so this is a merit scholarship requirement that can be completed well before they intend to go to college.

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