What's a Merit-based Scholarship?

I've heard a lot about merit-based scholarships while applying to colleges. Can someone kindly explain what they are in detail? Also, how can I qualify for them and what should I be doing right now as a rising junior in high school?

A merit-based scholarship is a financial award given to students based on their individual achievements. These achievements can come in various forms such as academic excellence, athletic performance, artistic talent, and so on. Unlike need-based scholarships, which are granted on the basis of the economic status of the student, merit-based scholarships are all about the student's accomplishments.

To qualify for a merit-based scholarship, it's important to excel in your specific area of interest. If academics is your strength, aim to perform your best in rigorous courses and maintain a high GPA. If you're an athlete, focus on honing your skills and capturing the eyes of recruiters. And if you're an artist, participate in competitions and exhibitions that showcase your talent.

That said, keep in mind that colleges will look for well-rounded students who have demonstrated commitment, leadership, and initiative in their respective fields. A well-developed specialty, also known as a "spike," can make you stand out in the competition for merit scholarships.

While marks and notable achievements are key to landing a merit-based scholarship, don't forget to groom your other skills to portray a holistic profile. This could include engaging in extracurricular activities, participating actively in community services, and demonstrating leadership, all while maintaining high grades.

As a rising junior, it's also a good time to start researching specific scholarships and their requirements. Every college and external scholarship program will have different criteria, so it's ideal to get an understanding of these requirements early on. This will help you to plan your coming years strategically and place you in a favorable position to be considered for these scholarships.

In addition, consider seeking guidance from your counselor or mentors who can provide valuable insights and tips tailored to your profile. Remember that approval for such scholarships can be highly competitive, so put consistent efforts into enhancing your profile and leave no stone unturned in showcasing your achievements in the best possible light.