11 min read•july 11, 2024
Jed Quiaoit
Jed Quiaoit
At some point in your high school life, you'll hear the word "scholarship." In some cases, guidance and college counselors may be adamantly posting scholarship opportunities on school web pages and social media accounts. In other cases, you might hear teachers tell their students to write essays and submit original content to scholarship contests. If you're looking at the financial aid policies of colleges you're thinking of applying to, you'll see that you can use scholarships to cover some of their expenses like tuition, work-study (if applicable), and housing. If you want to learn more about financial aid make sure to check out this guide with everything you need to know about financial aid.
If you've never heard of scholarships before, that's completely fine! Here's the deal: scholarships bring you one step closer to affording your college experience because they can save you hundreds, and even thousands, of dollars! Sounds amazing, right?
Before I tell you how to win scholarships one after another, we need to make sure we're all on the same page on what a scholarship is and how they can help you in both the short and long term!
Let's look at how popular websites define SCHOLARSHIPS:
The catch? You have to earn them. Depending on what the sponsors of the scholarship are looking for, you'll have to not only fit in their criteria but also stand out for them to select you out of X number of applicants. Don't worry—it may sound intimidating at first, but if you work smart (not hard!) in finding the right scholarships for you, then you'll be bound to win lots and lots of $$$! 🤑
One of the key strategies to win scholarships is to know how the game works. That might be too metaphorical… Let's try again: know which types of scholarships are worth investing hours of work into.
Here's an example: Scholarship X chooses 10 winners of 500 in your school__ based on an essay component, while **Scholarship Y** chooses __3 winners of 10k in the whole nation based on a raffle. If you only have time to apply for one scholarship, would you apply to X or Y? Some might argue X because they would theoretically have higher chances if they write killer essays rather than relying on luck with Y, while others (most likely the minority) may argue Y because it is hassle-free in terms of completing application components (no essay needed). With scholarships, there are no right or wrong choices. What matters, though, is that you're maximizing your chances by applying to your best-fit scholarships!
There are multiple ways to categorize scholarships. In this post, I'll go through each of the different approaches in sorting 'em out by location, eligibility, length and type of aid, and application requirements! There will be a lot of overlaps. When looking at each approach, think of the type of scholarship that will be the most efficient to apply to (less time needed + greater chances of winning)!
Quick note: not all scholarship examples might cover your area (especially the local ones), but it won't hurt to see why a given scholarship linked below is an example of, say, a local or a need-based scholarship.
Think back to your math class when you learned statistics and probability. In a sample of 1,000 highly qualified scholarship applicants, what is the probability that you will be among the top ten winners? That would be 10/1000 (or 1%). What about a sample of 100 applicants? A slightly higher 10/100 (or 10%). What about a sample of 50 applicants? A better chance of 10/50 (or 20%)! The quest to get scholarships is, in essence, a numbers game: the fewer applicants there are, the more chances you have of winning! Learn more about local vs. national scholarships with this article. Some of the biggest national scholarships can be found in this top 40 list of scholarships for high schoolers.
Here's how I categorize scholarships by geography*:
Type | Description | Examples |
Merit-Based | ANYONE can apply, regardless of income; typically more competitive due to higher volume of applicants if on a national scale | San Diego Foundation Scholarships; Coca Cola Scholarship |
Need-Based | Typically targeted towards first-generation / low-income students; frequently asks for proof of financial need (i.e. FAFSA, tax returns) | QuestBridge National College Match; Gates Scholarship |
Neither type is necessarily more or less competitive than the other as it also depends on the geographical scope. However, need-based scholarships offer a more balanced playing field for students whose incomes indicate a significant need for financial aid.
This is one of the least underrated sections whenever people talk about scholarships. There is a huge difference between scholarships that pay YOU and scholarships that go directly to the school's financial aid office.
In fact, we can even go further! Here are some examples of eligibility classifications you should be on the lookout for:
Where does the $ go? | What's the deal? |
To your pockets! | Organization/sponsor mails/deposits check to your address; More autonomy on what you'll spend money on; Pocket money -- no "strings attached" (no requirement on what to purchase using money); Typically applicable for smaller 100, 500) |
Directly to the school! | Organization/sponsor mails check and are processed by the school's financial aid office; No need to worry about the logistics of sending the scholarship to the school; Less autonomy on what you want to spend money on; Frequently used to reduce the cost of attendance (tuition, housing expenses, etc.); Typically applicable for larger 1,000, 10k |
Longevity refers to how long your aid will help you in college! Some scholarships pay one-time, while others spread out your winnings throughout your four (or more) years of undergraduate life.
If the scholarship will be used in college: Some organizations/sponsors require proof of enrollment and/or a class schedule, while others are more lenient and just send you or the school the scholarship money. Be sure to check the individual scholarship's guidelines (usually on the website) to avoid any unexpected surprises!
Some scholarships only take five minutes to fill out, while others take WEEKS when factoring in supplementary materials like letters of recommendation. When you hear the word holistic, it means that the scholarship sponsors are looking for a combination of academic excellence, awesome community service background, and exemplary personal qualities based on feedback by recommenders and/or how one responds to essay prompts.
Here are some criteria scholarships may use to judge your application. Note that some scholarships use a combination of two or more of the items below while others only focus on one specific characteristic:
Criteria | Description |
Academic Achievement | GPA (e.g. 4.0), SAT scores, number of AP/IB exams taken, AP/IB scores, class grades per year; Objective -- your statistics! Typically harder to change unless retaken (i.e. exams) |
Written Supplements/Essays | Typically one or more paragraph-long responses (~50 to 500 words depending on scholarship) to a predetermined prompt (“Why should you win the X scholarship?” “Describe a challenge you once encountered. How did you overcome it?”); Subjective -- your voice! More time before the deadline = easier to make revisions |
Advocacy by Teacher/Mentor/Others | Letters of recommendation; may either be uploaded/sent directly to the sponsor or you get a chance to see them! Quality depends on how close you are to recommender; more memorable interactions = more things they could say about you! |
Make sure to keep track of all your applications, a scholarship application tracker is great for this!
Red Flags! 🚩
Feeling hyped to apply to your first scholarship now? Hold your horses! There will bound to be bad apples in the abundance of scholarships you'll see in the World Wide Web.
Do NOT…
Now that we know the twists and turns of scholarships, how do you actually get them? Well, you're at the right place because here are some ways to save time and energy once you're on that application grind!
Let me read this aloud. cough "I, Jed Quiaoit, am certifying [insert your name here] as a seasoned expert in scholarships." Now, head out and chase that bag! Be sure to bookmark this post for future reference; you might want to come back here every now and then to clarify a point or two about scholarships. You got this! 🎉