Types of Undergraduate Scholarships

scholarshipsWhich is better, spending a few hours applying for scholarships in your field of interest or spending your life paying off student loans? If you’re like most people you’d prefer to go the scholarship route. However, as attractive as this seems, it’s also hard to get most scholarships as the competition is quite fierce. You’ll likely find yourself doing a quite a bit of research into what’s available to you but the effort you put forth usually pays off in the end..

The first thing you need to be aware of is that undergraduate scholarships are of different types and fall into different categories. This article describes five undergraduate scholarships you might qualify for if your grades are up to par.

1- Subject-specific scholarships

Students often don’t know what they’re applying for and often search for everything they can. But if you have a clear academic path in mind and are sure where you’re headed career-wise you should apply for subject-specific scholarships. These are scholarships offered by groups associated with your chosen field of study.

For example, if you’re good at mathematics then individuals sponsoring math scholarships are likely to welcome your application and give it serious consideration. A second example is physics. If you express an interest in researching the latest trends in this rapidly expanding area of study and have good grades you will likely be offered a scholarship to pursue your work.

2- Student-specific scholarships

These scholarships usually target students with specific traits the university or college needs and include requirements such as student population diversity, specialized areas of study, disability or gender. Members of different societal communities such as LGBT, first in the family to attend college, low-income candidates with good grades, military service, minorities, and individuals will to study abroad are the target audience for these scholarships. If you belong to one of these groups you should definitely apply and complete any stipulated requirements before the deal goes off the table.

3- Need-based scholarships

Need-based scholarships or financial support scholarships are for those who fall into the low-income category, have earned good grades, and performed well on college entrance exams. Many institutions offer these scholarships to bright students who not only get a free education but also receive help while on campus through work study programs and grants in aid. Bright (but poor) students often qualify for this type of scholarship. If you are eligible do apply and be sure to indicate any advantages you might have over other applicants when sending in your application.

4- Sports based scholarships

These are among the most common type of undergraduate scholarships. If you’re good at sports, you’ll find yourself among a lucky group of applicants. Many universities offer a sports-based scholarships. Good players get a chance to study in quality institutions because of their talent and potential to add value to the school’s national profile.

5- Kinship scholarships

If a sibling or parent of yours attended and graduated from the college or university you’re interested in you will be eligible for this type of scholarship. Almost all institutions offer this particular opportunity to potential candidates, and you should definitely apply.

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