I'm confused about the difference between grants and scholarships for college. What are the best ways to apply for both, and how can a high school junior increase their chances of receiving them?
Grants and scholarships are both types of financial aid that you don't have to repay, which makes them very appealing to students.
Scholarships are typically based on merit, meaning they're awarded for things like academic or athletic achievement, leadership, community service, artistic talents, etc. To apply, you typically need to fill out an application and sometimes write an essay, provide letters of recommendation, or submit supplemental materials showcasing your talent. Increasing your chances of getting scholarships involves excelling acadically or in your area of talent, being involved in school or community activities, and applying to several scholarships. Start your search early and seek scholarships that are well-aligned with your skills and interests.
Grants, on the other hand, are usually based on financial need. The federal government, state governments, and colleges themselves offer grants. The primary way to apply for need-based grants is by filling out the Free Application for Federal Student Aid (FAFSA) or, for some schools, the CSS Profile. These forms determine your eligibility for federal and institutional aid, respectively. So, to increase your chances of receiving grants, ensure you complete these financial aid applications thoroughly and on time.
Remember, you want to build a list of potential scholarships and grants throughout the year and mark their deadlines to ensure you don't miss any opportunities. Also, cast a wide net - apply for as many scholarships and grants as you are eligible for. It can be a time-consuming process, but it's certainly worth it for the possibility of reducing your college costs.
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