Where do most scholarships originate from?

I'm curious about where scholarships typically come from. Are most of them offered by colleges, or do external organizations provide a lot of them? Trying to get a sense of where to focus my search.

Scholarships can come from a number of sources. There's a common misconception that they largely come from external organizations, but in fact, colleges themselves are the largest providers of scholarship funding.

A significant portion of student aid comes in the form of institution-based scholarships, with universities often providing merit-based scholarships as a means of attracting top students or need-based scholarships to ensure their school is accessible to students from all backgrounds. These scholarships are typically based on academic performance, outstanding talent in a specific area (like athletics or the arts), or personal characteristics unique to the student population the school is trying to foster.

However, external organizations also provide numerous scholarships. These organizations can range from local businesses and nonprofits to large, national entities. They often provide scholarships based on similar criteria used by colleges, and sometimes more specific factors come into play, such as the applicant's intended major, location, or background.

Finally, it is important not to overlook the role of government in providing scholarships. Both federal and state governments provide sizable amounts of aid to students in the form of scholarships and grants. These are typically need-based and can make a significant difference in a student's ability to afford college.

It's worthwhile to conduct a comprehensive search when looking for scholarships. Start with your college's financial aid office and website, move on to trusted scholarship databases like Appily, and also consider reaching out to local organizations connected to your interests and career goals. Remember that each scholarship provider has its own application process and criteria, so be prepared to put in some time and effort!