Scholarship Calculator: Plan Your College Funding Strategy
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Types of Scholarships
Merit-Based Scholarships
Awarded based on academic achievement, test scores, or specific talents. Usually require maintaining a minimum GPA and full-time enrollment.
Need-Based Scholarships
Awarded based on financial need, often requiring FAFSA completion. May be combined with other forms of financial aid.
Identity-Based Scholarships
Targeted to specific demographics, including ethnicity, gender, religion, or other characteristics.
Scholarship Search Strategies
- Start Early: Begin searching at least a year before college
- Apply Broadly: Submit many applications to increase chances
- Check Deadlines: Create a calendar of application due dates
- Local First: Local scholarships often have less competition
- Use Multiple Sources: School counselors, online databases, community organizations
Application Tips
- Follow all instructions carefully
- Meet every deadline
- Proofread all materials
- Gather strong letters of recommendation
- Customize each application
- Keep copies of all submissions
Common Requirements
- Transcripts: Official academic records
- Test Scores: SAT/ACT results
- Essays: Personal statements or specific prompts
- Recommendations: Letters from teachers or mentors
- Financial Documents: FAFSA, tax returns
- Extracurriculars: Activities and achievements
Maintaining Scholarships
- Keep your GPA above minimum requirements
- Maintain full-time enrollment if required
- Complete any service requirements
- Submit renewal applications on time
- Stay in communication with scholarship providers