Okay, so I keep hearing about these 'merit-based scholarships' but I'm not exactly sure what it means. Does anyone have a straightforward definition? Thanks in advance!
Absolutely, happy to clarify! Merit-based scholarships are financial awards given to students based on their academic achievements, leadership roles, talents or other specific accomplishments. They're not based on financial need. Instead, they're a way for colleges and other organizations to recognize and reward individual students' accomplishments and potential.
For example, a university might offer a merit-based scholarship to a student who has exceptional grades, high standardized test scores, or standout skills in a particular field, such as music or athletics. There are also plenty of merit-based scholarships offered by private organizations, businesses, and nonprofits for things like community service, excellence in certain subjects, or even unique talents.
It's worth noting that the criteria for merit scholarships can vary widely – some may focus on a student's academic record, others may look at contributions to their community, and others may consider a special talent or skill. Therefore, when searching for such scholarships, it's crucial to read about each scholarship's specific eligibility requirements and selection criteria.
I hope that helps clarify what merit-based scholarships are!
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