Why should you apply for a scholarship?

Receiving financial assistance is a significant factor in attending a college or university. Financial aid can come in the form of loans, work-study programs, grants, employer compensation and scholarships.* The primary reason you should apply for a scholarship is simple. If you win a scholarship award you won't have to pay it back, unlike loans.

What types of scholarships are available?

Students applying for college may qualify for the following types of scholarships:

  • Student Merit Scholarship — These scholarship awards are based on criteria including academic performance. They can be awarded by the college of attendance or by private organizations.
  • Student-Need Scholarship — These types of scholarship awards are based on a student's needs or that of his or her family. There may be a requirement to fill out a Free Application for Federal Student Aid (FAFSA) if the sought-after scholarship is a federal award. Private scholarships often require a FAFSA application as well.
  • Student-Specific Scholarship — These scholarships may qualify applicants based on race, gender, family and medical history, or other factors that may be considered student-specific.
  • Career-Specific Scholarship — Universities and private organizations may award scholarships based on students who plan to study for a specific career field. These scholarships can be awarded on the basis of personal or academic achievement and can either be a full scholarship or a partial scholarship that helps reduce tuition.
  • Institutional Scholarship — An institutional scholarship is one that is awarded by individual colleges or universities to students who plan to attend that institution. An institutional scholarship may be awarded on the basis of academic performance and a student's potential. These types of scholarships are helpful in offsetting student tuitions, fees and other costs associated with attending a specific college or university.
  • External Scholarship — An external scholarship is a non-university scholarship from a third-party scholarship provider. Scholarship awards may be given for academic ability, gender, program major, ethnicities and more. Students should examine every possibility where a scholarship may be awarded.
  • Scholarship Awards — Applying for a scholarship is not necessarily a quick or an easy process. And getting awarded a scholarship may take time and effort. There are large and small scholarships, as well as applications that are easy or difficult to submit. Scholarships may also be available for each year of school and may include graduate programs. Searching and applying for a scholarship should be a year-round effort.

Contact Everest to find out more about the programs and scholarships available for students looking to earn their online degree and pursue their career goals.