Which Statement Best Explains a Scholarship?

Scholarships aid college-bound youngsters in starting their successful careers. They provide much-needed financial aid and a certain level of prestige for pupils. It’s a common misconception that only students with the highest academic or athletic achievements are qualified for scholarships. Any student can apply for a scholarship. It’s important to know what kinds of scholarships are available and where to look for them.

In the United States, roughly 50% of students are looking for financial aid to help pay for their college education, according to a survey published by Statista Research Department in 2015. By the year 2018/19, this figure had substantially climbed to 70%.

Let’s examine scholarships and its various forms to better understand the question, “Which statement best explains a scholarship?”

Which statement best explains a Scholarship
Which statement best explains a Scholarship

What is a Scholarship?

A scholarship is a kind of grant or financial aid given to students by colleges or universities to help with their studies. The committee may award it in order to meet a financial need or based on academic performance or extracurricular accomplishments.

Students may get their scholarships as a single lump sum payment or as a series of periodic payments from one academic year to the next, depending on the scholarship council’s discretion.

Even said, some scholarships have no specific requirements after they have been awarded. In some circumstances, the recipient may be required to continue fulfilling particular requirements, including maintaining a particular grade point average (GPA) or taking part in a particular activity.

Scholarship Categories

1: Academic Scholarship

Scholarships for top students can be awarded based on standardised test scores and transcripts. Students who have performed well in the classroom are eligible for a number of coveted merit scholarships. The ones with the greatest GPAs, the most impressive extracurricular involvement, and a track record of community service receive them.

Academic awards are typically very expensive and confer a specific status on the recipient. After graduation, the students could gain from having a strong resume and exposure to the business world.

2- Scholarships for Exceptional Students

Stress is a common occurrence among college students. This assignment might be viewed as being much more challenging for students with learning difficulties. For those with learning disabilities, the cost of going to college is a major source of anxiety.

There are several scholarships with eligibility restrictions for certain conditions, including ADHD or dyslexia. All of these have the potential to lower the cost of a student’s education.

How to write a cover letter for a Scholarship | Complete Guide

3- Need-Based Financial Aid

Some students are unable to sustain their lofty financial goals and cannot attend school. As a result, a number of organisations, including Davis-Putter Scholarship Fund, have stepped up to assist poor students.

Many need-based scholarship programmes include extra requirements, including living in a certain area of the United States or majoring in a particular subject. Students in their undergraduate and graduate degrees who are struggling financially or socially are eligible to apply for need-based scholarships.

4- Scholarships for the Arts

Despite the fact that the arts play a large role in American culture, students with an artistic inclination might not have a lot of creative scholarship possibilities available to them. These very competitive awards require student candidates to present samples of their artwork in order to be considered.

The submission of a portfolio is required for arts scholarships, but an audition—either in person or via video—is required for music grants and other performance-based art forms. Every passion you have can be eligible for a scholarship.

5- Scholarships for Athletes

Athletic scholarships rank among the most prominent and prestigious merit prizes available and are highly sought after. They are frequently given to students who have succeeded in a specific sport. Those who want to be considered for an athletic scholarship must be very talented athletes and have strong academic credentials.

For consideration for athletic scholarships, students must be nominated by coaches and other school administrators. But, competition in this sector is a little bit stiffer because college recruiters are constantly attempting to hire the finest athletes. Sports scholarships supported by the government are also provided in various nations. The best time to think about athletic scholarships is early in your high school career.

6- Scholarships for Native Americans

Several scholarship opportunities cater to particular demographic groups. One of them is a scholarship programme for Native Americans. These programmes seek to make college more accessible to students from the most underrepresented (and typically low-income) segments of society.

Other requirements, such as major, income level, tribes, and education, had to be met in addition to being Native American.

It is best to remember that in order to be eligible for this award, a student must demonstrate his Native American identity in a number of ways, none of which includes taking a DNA test. It is necessary to provide proof instead, such as a Certificate of Degree of Indian or Alaska Native Blood.

7- Full-Ride awards

Since they pay all of the student’s tuition costs, full-ride scholarships are among the most sought-after scholarship types. Nonetheless, when offering institutional full-ride scholarships, consideration for financial need may also be made. Even if you are not interested in participating in a programme particular to your school, you should look into other options, such as signing up to serve in the military, etc.

8- Military/Employer Scholarships

Another way to pay for college is through a family member’s job. For employees’ kids who are in college or preparing to start, several companies provide scholarship schemes. Both qualifying and prize levels may vary depending on the company.

Children might gain from their family members’ service thanks to these scholarships. The Military Commander’s Scholarship Fund, which is given to the children of the militia, may offer grants similar to this.

Tools to find scholarship opportunities

There are many tools available online that may help you seek opportunities that best fit your needs. Some of these tools are mentioned below:

Motivation Letter for Scholarship with Examples

1- Scholly

Available both in the form of the mobile app and as an online tool, Scholly has helped students avail more than $70 million in funds. It is a pretty simple and easy-to-use tool. Just make an online account on Scholly, provide the necessary information, including the college you’re looking for, and it will automatically sort out all the relevant data for you. One thing to remember is that Scholly is not a free aid. It charges between $8 for a month to $45 for a year

2- AmericanScholarship.info

At Americanscholarship.info, they understand that paying for college can be a challenge, which is why they have compiled a comprehensive database of scholarships and grants to help you find the financial support you need. From merit-based awards to need-based grants, they have a wide range of options to choose from.

3- Cappex

Providing more than $11 billion in scholarships, Cappex is claimed as one of the U.S.’s most significant scholarship search engines. There are many search options and filters available there. To apply, you have to create an account on Cappex.com. Along with this, Cappex also provides you with reviews of the institutions and offers reviews of the different courses.

4- Chegg

Chegg is a database site that offers many textbooks, flashcards, and other materials related to your study. However, it also has a scholarship finder tool that may help you seek a scholarship based on your GPA, age, year, etc.


No matter what sort of scholarship you are seeking, there is always something for you. To discover more about the different scholarship possibilities available to you, check out our additional scholarship guides. With a little bit of work, you can find a way to pay for your education, regardless of your scores or hobbies.


What is a scholarship?

A scholarship is a financial award given to a student to help pay for their education. Scholarships are typically merit-based, meaning they are awarded to students based on their academic achievements, extracurricular activities, and other factors that demonstrate their potential for success.

Who can apply for a scholarship?

Most scholarships are available to high school seniors and current college students. However, some scholarships may also be available to students at other educational levels, such as graduate or doctoral students.

What are the eligibility requirements for scholarships?

Eligibility requirements for scholarships can vary greatly, but some common criteria include:
Being a high school senior or current college student
Having a certain GPA or academic achievement level
Having a specific major or career goal
Being a member of a particular group (such as a minority, a military veteran, or a first-generation college student)
Meeting specific community service or extracurricular activity requirements

How do I find scholarship opportunities?

There are many ways to find scholarship opportunities, including:
Searching online scholarship databases
Checking with your school’s financial aid office
Asking your employer or union if they offer any scholarship programs
Looking into scholarship programs offered by professional or industry organizations
Researching scholarship opportunities offered by the college or university you plan to attend
Also at our Website https://scholarshipagency.com

How do I apply for a scholarship?

The application process for scholarships can vary depending on the scholarship provider, but generally, you will need to:
Complete an application form, which may include answering essay questions or providing transcripts and other supporting materials
Submit a resume or CV highlighting your academic and personal accomplishments
Obtain letters of recommendation from teachers, counselors, or other individuals who can speak to your character and potential for success

How much money can I receive from a scholarship?

Scholarship awards can vary greatly in amount, from a few hundred dollars to full tuition. Some scholarships may be renewable for multiple years, while others may be a one-time award.

Can I use a scholarship to pay for any educational expenses?

Yes, scholarships can be used to pay for a variety of educational expenses, including tuition, fees, books, and housing. Be sure to review the specific terms and conditions of the scholarship to determine how the funds can be used.

Do I have to pay back a scholarship?

Generally, scholarships do not have to be repaid. However, some scholarships may have specific requirements, such as maintaining a certain GPA or completing a certain number of community service hours, in order to remain eligible for the award. Be sure to review the terms and conditions of the scholarship carefully to understand any requirements you must meet in order to keep the award.

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