Getting a college degree is an investment of time and money. So, it’s important to research the various options available to you before committing to one school. You can also save money by obtaining scholarships or grants for your education. Scholarships are awarded based on merit, academics, financial need, or a combination of factors. Grants are awarded based on financial need alone. There are lots of different scholarships out there but only 10 make this list. Here are the 10 top scholarships in the USA that you should know about!
What are Scholarships?
Scholarships are funds that you can get to help pay for your tuition. It is a great way to save money so you don’t have to take out loans or work a part-time job. You may also qualify for grants, which don’t need to be paid back.
Scholarships are awarded based on various factors such as academic performance, financial need, or a combination of the two. Scholarships can be earned from universities, colleges, and community organizations. Some scholarships are granted by companies or associations in order to promote their products or services.
What are Grants?
A scholarship is an award of financial aid for a student who has demonstrated high academic achievement. Grants are government-funded awards, meaning they’re not need-based.
Why You Should Apply for Scholarships
The cost of college has increased more than any other household expense over the last 3 decades. Statistics show that if you start this school year, you will end up spending over $20,000 per year for 4 years on your college education. That’s an average of $80,000 before you even get your degree!
That’s why it’s important to research scholarships and grants. Scholarships are awarded based on merit, academics, financial need or a combination of factors. Grants are awarded based on financial need alone. There are lots of different scholarships out there but only 10 make this list. Here are the 10 top scholarships in the USA that you should know about!
The 10 Top Scholarships in the USA
The 10 top scholarships in the USA are listed below:
- Gates Millennium Scholars Program
- The Jack Kent Cooke Foundation
- The Coca-Cola Scholars Program
- The National Football League (NFL)
- American Legion Auxiliary Youth Scholarship Program
- United Negro College Fund (UNCF) Scholarships
- Churchill Scholarship
- Truman Scholarship 2 9. Phi Theta Kappa International Honor Society’s Presidents’ Award for Academic Achievement
- Hispanic Heritage Foundation Scholarships
The Gates Millennium Scholarship
The Gates Millennium Scholars program was established by the Bill and Melinda Gates Foundation with a generous donation of US$1 billion. The scholarship is for U.S. citizens from diverse backgrounds who have demonstrated leadership, ambition, and a commitment to making a difference in their communities.
The President’s Graduate Fellowship Program
The President’s Graduate Fellowship Program is for students who are citizens or permanent residents of the U.S. and are attending an accredited graduate school in the U.S.
This scholarship covers tuition costs, with a monthly stipend for living expenses up to $1,500 per month with a maximum of $18,000 each year. To apply you must have at least sophomore standing in college and be enrolled full-time in a graduate degree program by September 30, 2017. You will need to submit transcripts and SAT/ACT scores, two letters of recommendation, and an essay about why you should be selected as a Presidential Graduate Fellow recipient.
Fulbright Scholarship Program
The Fulbright Scholarship Program was established by the U.S. Congress in 1946 to promote international understanding and cooperation between people of different cultures. To be eligible, students must be non-U.S. citizens who are full-time undergraduate students at a 4-year college or university outside the United States, or graduate students enrolled in an institution of higher education outside the U.S.
The Fulbright program has two scholarships available: The Fulbright U.S. Student Program and the Fulbright English Teaching Assistant (ETA) Program for College Graduates. The former is awarded to undergraduate students (up to age 26) who study abroad for 1 year or more, while the latter is awarded to graduate students who travel to the US as an English teaching assistant for 1 year or more.
Fulbright applicants must have a strong academic record and demonstrate leadership potential, cultural sensitivity, language skills, and a commitment to public service. They are also required to adhere to high standards of conduct during their time abroad at their host institutions.
National Science Foundation Graduate Research Fellowship Program
This is a highly competitive, prestigious award for graduate students in science and engineering. It provides funding to pursue a degree at any accredited U.S. institution of higher education. The award covers up to three years of financial support, including a stipend for living expenses and health insurance.
The American Indian College Fund Full Circle Scholarship Program
The American Indian College Fund Full Circle Scholarship Program is awarded to Native American and Alaska Native undergraduate students attending nonprofit colleges. Applicants must be pursuing degrees in science, technology, engineering, or math.
National Defense Science and Engineering Graduate Fellowship Program
Impress your professors and peers by winning this prestigious award. The program is designed to recruit and prepare students for successful careers in the Department of Defense (DoD) and Department of Energy (DoE) national security missions.
Some scholarships are based on merit, academics, or financial need. Your best bet for finding a scholarship is to visit college websites or search on Google for scholarships relevant to your field.
You should also research the deadlines, qualifications, and requirements of the scholarships you are interested in. Scholarships can be awarded at any time so it’s important to stay vigilant for new opportunities.
The more you know about the scholarships that are available to you, the better chance you have of securing funding for your education. Be proactive!