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Scholarships
Types of scholarships
 
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Types of scholarships

The primary classifications of scholarships are; Merit/Athletic, Need, Ethnicity, Institution and General.

Merit-based scholarships are offered to students based on the student's athletic, academic, artistic or other abilities. Financial need is not a consideration. Athletic-based scholarships are offered to both United State citizens and non US citizens based on athletic performance.

Need-based scholarships are offered to students where the student and their family's financial situation is a primary factor in determining the recipient. Very often need-based private scholarships require the recipient to have high academic performance.

Ethnicity-based scholarships require applicants to initially qualify based on race, religion, or national origin. Additional factors may be taken into consideration to determine the recipients.

Institutional-based are scholarships awarded by a specific college or university to a student planning to attend that institution. General types of scholarships are those which are awarded for a variety of reasons which do not fall into one of the above categories. For example, some corporations give scholarships to their employees' children.

Some scholarships have a "bond" requirement. Recipients may be required to work for a particular employer for a specified period of time, or to work in rural or remote areas. Otherwise, they may be required to repay the value of the support they received from the scholarship.

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