Different Types of Scholarships That Every Parent Should Know

Types of Scholarships Every Parent Should Know

As a parent, ensuring your child attends the best college is a priority, but rising tuition costs can make it challenging. In fact, 55% of adults who never completed college cited cost as the main barrier. Scholarships provide essential financial support, yet many go unclaimed due to a lack of awareness. Understanding the different types can help students secure funding.

Key Scholarship Types:
✅ Merit-Based - Rewards academic excellence, artistic talent, or community achievements (e.g., National Merit, Presidential Scholarship).

✅ Need-Based - Supports students from low-income backgrounds (e.g., Pell Grant, QuestBridge, Jack Kent Cooke Scholarship).

✅ Athletic - For student-athletes recruited by college teams (e.g., NCAA, NAIA scholarships).

✅ Artistic - For talented students in visual arts, music, theater, and dance (e.g., YoungArts, Juilliard Scholarships).

✅ Minority - Supports students from underrepresented groups (e.g., UNCF, Hispanic Scholarship Fund).

✅ Subject-Specific - Awarded based on chosen fields of study, such as STEM, nursing, or music.

✅ Religious - Offered by faith-based organizations (e.g., Knights of Columbus, Christian Connector).

Final Thoughts:
Scholarships reduce financial stress and open doors to higher education. Research available opportunities and apply early.

💡 Plan smarter with Top5 Colleges! This AI-powered platform helps families compare tuition, scholarships, and financial aid, ensuring cost-effective college choices.

#Scholarships #FinancialAid #College