How Your Scholarship Application Works: FAQs on College Scholarships (2024)

LAST UPDATED Jun 6, 2024

Kelly Lamano


Categories: Applying for Scholarships

When you’re looking for colleges to apply to, what’s one of the most common factors you look at before you apply? Tuition. If college tuition is expensive, students might be steered away from applying. However, a scholarship application makes it easier for any and all students to be awarded money toward their tuition, books, room and board, and more.

We’re breaking down the most commonly asked scholarship questions and why you need to keep these on your radar in your search.

Jump to:

  • What are scholarships? How do they work?
  • What’s the scholarship application process?
  • Who can apply for scholarships? How do I know if I’m eligible?
  • Where do I find scholarships to apply for?
  • How do I apply for scholarships?
  • What are common scholarship essay questions?
  • What Are Some Other Scholarship FAQs?
  • Okay. I’m ready to start applying for scholarships. Where do I go from here?
How Your Scholarship Application Works: FAQs on College Scholarships (1)

What are scholarships? How do they work?

Scholarships are a form of financial aid award–and one of the most preferred types because they’re free money. Basically, it’s money that goes toward your tuition or cost of attendance. You do not have to pay it back.

Generally, there are three kinds of scholarships:

  1. Scholarships given by the college itself – These are college-specific. Often you are automatically considered for these scholarships when you apply for admission, but some schools do require additional, separate applications, so double-check out their financial aid pages!
  2. Scholarships offered by the government (state or federal), which requires you to fill out FAFSA. These awards can be used at any college.
  3. “Outside scholarships” given by independent third parties, often sponsored by big companies like Foot Locker OR super localized (as in, scholarships just for students at your school). These scholarship awards can normally be used to fund any college.

Categories #1 and #2 are also often known as “grants,” which is basically another term for free money for college.

Depending on the scholarship provider, the scholarship award can range anywhere from as low as $50 and as high as covering the full cost of tuition, also known as a full ride scholarship! A scholarship can really lighten the financial burden on families and individuals, covering thousands of dollars worth of tuition, and sometimes even books, and room and board, and other expenses.

Most of this help article will include information on independent scholarships (type #3).

How Your Scholarship Application Works: FAQs on College Scholarships (2)

What’s the scholarship application process?

To apply for a scholarship, you first need to fulfill the eligibility requirements. This is because many scholarships are only applicable for certain groups of students, like only high school seniors, only women, or only students from a specific state. Other times, the scholarships are limited to people with a certain level of achievement, like a certain GPA or SAT score.

If you’re eligible, you’ll likely need to answer a few questions or even submit an essay or a video. Some scholarships also require you to submit certain documents like a transcript or a letter of recommendation. These different application elements allow you to show scholarship providers what you’ve achieved, what you’re proud of, and what you plan to do during and after college. Scholarship providers are looking for students who follow instructions and who are also passionate about their achievements outside of schoolwork.

A few months after the application deadline, a winner (or multiple) will be chosen. You’ll hear back directly from the scholarship provider if you’ve won. Remember that, if you win, it is best practice to write a thank you letter to the scholarship provider for helping to fund your education.

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How Your Scholarship Application Works: FAQs on College Scholarships (3)

Who can apply for scholarships? How do I know if I’m eligible?

Each scholarship will list its eligibility requirements, such as GPA, college major, and other information. Be sure to read through all instructions and requirements before you apply.

That said, most scholarships are intended to help students who are pursuing higher education (undergraduate and graduate students). Typically, scholarships are geared toward undergraduates attending 4-year universities, but there are scholarships available for community college and for graduate students. Some scholarships are also specifically tailored to transfer students.

There is also a myth that scholarships are only available for low-income students. However, there are many merit-based scholarships or athletic scholarships that are available to students from any income level.

Where do I find scholarships to apply for?

You can find scholarships through a number of resources, including:

  • Scholarship listing websites like our own, Going Merry!
  • Your high school counselor or school website
  • The financial aid page of your target colleges
  • Your state’s education board website (for example, here’s the one for Texas)

One note: Be mindful of scholarship scams. Some websites may ask you to pay upfront as a scholarship “application fee.” This is a huge warning sign. You never need to pay to apply for or to receive a scholarship.

How do I apply for scholarships?

Now, once you‘ve found your scholarships, you have to apply for them–and unfortunately, that is still quite fragmented. For the most part, each scholarship has its own application, which means filling out the same basic information (name, birthday, school, GPA, etc.) over and over again.

That’s actually why we started Going Merry, to provide you with one application platform where you could save profile information and apply for thousands of scholarships listed on our website.

That said, we’ve broken down for you, step-by-step, in this article. You might need some documents handy, so be sure to thoroughly read through all of the scholarship application requirements before applying.

What are common scholarship essay questions?

We analysed a representative sample of the scholarships on Going Merry to find out the ten most common scholarship questions. They were:

  1. How will this scholarship help you?
  2. How have you contributed to your community, or what community service have you provided?
  3. Tell us about you. (Basically, a request for a personal statement of sorts.)
  4. Tell us about a time you failed and what you learned from it.
  5. What are your academic goals and your career goals?
  6. What impact has sports had on your life? (Or some other athletics-related question)
  7. Why do you deserve this scholarship?
  8. Tell us about a time when you had a belief or idea challenged.
  9. How are you unique? (Discuss your background, identity, interest, or talent)
  10. Why do you want to study/pursue [X]? (For instance: science, nursing, medicine)

Keep in mind, each scholarship is different and might require additional information from you. These are just some prompts to keep in mind as they’re commonly included in scholarship essay requests.

How Your Scholarship Application Works: FAQs on College Scholarships (4)

What Are Some Other Scholarship FAQs?

What happens if I win, but I don’t know where I’m going to college yet?

Notify the scholarship as soon as possible that you aren’t sure where you’re attending yet. They’ll usually be able to do one of two things: (1) Hold onto the money until you notify them of which school you’re attending. Or (2), the provider might write you a check to be used solely for college, at whichever college you choose. In the second case, you won’t even have to notify the provider of your college once you decide.

Are scholarships free?

Scholarships are free to apply for. However, some organizations consider scholarships to be an investment rather than free money. When students are awarded scholarship money, they might be expected to maintain a certain GPA, study a specific subject, or play a sport indicated in the scholarship requirements.

Can scholarships be used for anything, including room and board? Will scholarships pay for housing? What about studying abroad?

This depends on the scholarship provider. Some scholarships may only cover tuition for classes. Other scholarships are specified for books and technology. There are also scholarships that may cover housing, but only on-campus housing.

Regarding study abroad, if it’s through your own university’s program, most scholarships will cover your tuition whether it’s for studying on the home campus or not. However, your scholarship money may or may not be used for things like international flights to attend the program., It’s best to clarify this with the scholarship provider to confirm what the award money can be used for.

Do outside scholarships affect financial aid? Can you apply for too many scholarships?

You can apply for as many scholarships as you want. However, the money you earn from scholarships that you win must be reported to the college. It may affect your financial aid package, but not always–and not always in a negative way. Why?

First, your package may include merit scholarships (that have nothing to do with financial need) and/or need-based grants (which may decrease, if for instance you win a scholarship covering full tuition).

Second, remember that financial aid packages usually include a combination of grants, loans, and work study. Sometimes your overall package amount will decrease but the scholarship/grant amount remains the same; only your loans decrease. That means you’ve just replaced loans (that you have to repay) with an external scholarship money (AKA free money) — hurrah!

TIP: If you win a one-time outside scholarship, consider asking the provider if they can disburse the money over all 2 or 4 years of college, so that the impact on your financial aid offer is more spread out.

Do scholarships count as income? Can scholarships awards be taxed?

Some scholarship awards could be subject to taxes. What is NOT TAXED is any money used towards “qualified education expenses” like tuition, books, supplies, and equipment (as long as you’re a “degree candidate”, i.e. studying to earn a degree, not just taking a random single class). However, leftover scholarship money used for other expenses, like room & board or utilities, do indeed count as gross taxable income.

Can scholarships expire or be taken away?

Yes. Scholarships can expire for a few reasons. If students don’t enroll in classes within a certain time period, or if students take a break from school, then the scholarship could expire. If you are concerned about your status or need to take a break, discuss this with your financial aid office and/or your scholarship provider.

Scholarships can also be revoked, or taken away, if a student doesn’t adhere to any scholarship requirements, such as maintaining a certain GPA. In another example, if a student athlete with an athletic scholarship is injured or no longer plays, it’s possible that their athletic scholarship will be taken away or not renewed the following year.

Can scholarships be renewed?

Yes. While some scholarships are a one-time, lump sum payment (usually these are “smaller” awards of $500 to $5000), other scholarships can be renewed every year that the student remains in college. Some of these are renewed automatically as long as you maintain eligibility (e.g. continue studying full-time, maintain a certain GPA), while others may require you to reapply each year.

Who wins scholarships?

All kinds of students win scholarships! They study different things, come from different states, and are all kinds of ethnicities. Check out some scholarship winners (and their winning essays) here.

How Your Scholarship Application Works: FAQs on College Scholarships (5)

Okay. I’m ready to start applying for scholarships. Where do I go from here?

If you’re ready to apply for scholarships all in one place, you can sign up for a free profile with Going Merry. We’re your one-stop shop for all things scholarships, including applying for scholarships, writing essays, understanding different forms of financial aid, and more!

You’ll enter your information once, and then your scholarship application will be prefilled with information such as your high school or college name, GPA, and what you want to study / what you’re currently studying.

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Kelly Lamano

Though always a creative, Kelly's momentum into the world of writing and publishing arrived when she attended college. She quickly learned the financial value - and cost - of honing her craft, and sought scholarships that would be crucial to not only funding, but fueling her education. She wants to help new students thrive with Going Merry's easy scholarship finder. Kelly holds a bachelor's degree in Broadcast, Print and Online Media, and a minor in Spanish from Florida Southern College.

Latest posts by Kelly Lamano (see all)

  • Scholarships for Students in Pennsylvania for 2024 - November 11, 2020
  • Counselor Starter Guide: How to Use Going Merry’s Scholarship Platform - September 9, 2020
  • How to write a financial need statement for your scholarship application (with examples!) - August 13, 2020

Related

How Your Scholarship Application Works: FAQs on College Scholarships (2024)

FAQs

What not to say in a scholarship application? ›

Don't waste your essay opportunity to explain blemishes or deficiencies in your application. A low grade, a low SAT score or an absence or extracurricular activities is not a worthy subject for discussion in your essay. Don't appear overly idealistic.

How does applying to scholarships work? ›

How do I apply for scholarships. Each scholarship has its own requirements. The scholarship's website should give you an idea of who qualifies for the scholarship and how to apply. Make sure you read the application carefully, fill it out completely, and meet the application deadline.

Do colleges automatically consider you for scholarships? ›

Often you are automatically considered for these scholarships when you apply for admission, but some schools do require additional, separate applications, so double-check out their financial aid pages! Scholarships offered by the government (state or federal), which requires you to fill out FAFSA.

What should be included in a college scholarship application? ›

Essay Outline
  • Introductory Sentence. State your name. ...
  • Educational Objectives and Career Goals. Identify your major. ...
  • Brief Background. Who are you? (not your name) – family, children, siblings, etc. ...
  • Need. Why do you need a scholarship? ...
  • Conclusion. Wrap it up with a simple sentence or two.

What information should you never give out when applying for a scholarship? ›

If an application asks for money, walk away. Don't give out bank or credit card information. Any financial data you provide should come from IRS or FAFSA data. Legitimate providers do not ask for bank information.

How do I make sure I win a scholarship? ›

How to win scholarships: 20 top strategies
  1. Start the process as early as possible. ...
  2. Sign up for Going Merry. ...
  3. Make a list of college scholarships. ...
  4. Search for awards specific to you. ...
  5. Research local organizations. ...
  6. Reach out to your chosen colleges. ...
  7. Prioritize your scholarship list. ...
  8. Create a deadline calendar.
May 30, 2024

How does scholarship money get sent to you? ›

That depends on the scholarship. The money might go directly to your college, where it will be applied to any tuition, fees, or other amounts you owe, and then any leftover funds given to you. Or it might be sent directly to you in a check. Was this page helpful?

What is the average amount of a scholarship? ›

The average scholarship amount is $5,000 to $10,000 annually. These scholarships are typically available through the college you are planning on attending. Community partners and professional organizations offer them as well.

What ACT score will get you a full scholarship? ›

What ACT score gives you a full ride? ACT Composite of 32–36: Many colleges and institutions provide full ride scholarships to students who have an ACT score in this range on the ACT and a grade point average of 3.5 or better on their high school transcript.

Can a college pull your scholarship? ›

While a four-year scholarship may initially seem more secure, it can still be canceled or reduced by the college or university. NCAA Regulations: Colleges and universities have the authority to cancel or reduce scholarships based on four reasons stated by the NCAA.

Do you apply for scholarships before or after acceptance? ›

Apply for scholarships early and often. Some scholarship deadlines are as early as a year before you start college. You don't need to wait until you've made your final decision about your school to apply. But don't worry if you missed out on some of the earliest scholarship applications.

What is the #1 way to increase your chances for a scholarship? ›

Apply, Apply, Apply!

The more scholarships you apply to, the better the chances that you will be accepted. They also say that practice makes perfect! Writing scholarship essays or submitting applications will become easier with time and practice.

What is the best or worst part about applying to scholarships? ›

The best aspect of finding or applying to scholarships is obtaining financial support without the need to repay, based on various criteria. The worst is the challenging and time-consuming process of researching and applying.

What makes you stand out from other scholarship applicants? ›

Focus on something unique and interesting about yourself—such as an accomplishment, hobby, talent, interest, or experience—that makes you stand out from other applicants.

What makes you stand out from every other scholarship applicant? ›

Showcase your personality

Use your personal statement or essay to showcase your personality, passions, and perspectives. Share personal stories or experiences that have shaped who you are. A genuine and authentic application will always stand out more than a list of achievements.

What should you not say on a college application? ›

Writing about cultural heritage, bad grades or personal flaws, music, sports, drama, politics, or a family member's serious illness in college essays is tempting, but dangerous. We show why these topics can hurt students with admissions teams and how to handle them well.

What should you not say in a scholarship interview? ›

A student should try not to say things that display a lack of basic knowledge of the college. Additionally, they should try not to be conceded or entitled. Those are big turnoffs for most interviewers.

What to say when a scholarship asks why you need it? ›

Link your passions to the scholarship

But remember to keep it related to the scholarship. For example: If you're applying for a journalism-related scholarship, explain how you became interested in journalism, and what kind of journalism you hope to pursue.

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