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A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
Applicants must submit an essay of 250 words or less answering the question, “How will a $3,000 scholarship for education make a difference in your life?” Amount: $3,000 Deadline: April 30, 2025
Scholarships may have a financial need component but rely on other criteria as well. Some private need-based awards are confusingly called scholarships and require the results of a FAFSA (the family's EFC). However, scholarships are often merit-based, while grants tend to be need-based. Some examples of grants commonly applied for in the U.S.:
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
These scholarships point the way to the continuation and growth of the understanding which found its necessity in the terrible struggle of the war years." [5] The published objectives of the Marshall Scholarships are outlined as follows: "To enable intellectually distinguished young Americans, their country's future leaders, to study in the UK."