{"id":458,"date":"2026-03-21T23:24:12","date_gmt":"2026-03-21T23:24:12","guid":{"rendered":"https:\/\/smartcollegeadmission.com\/?p=458"},"modified":"2026-03-21T23:24:14","modified_gmt":"2026-03-21T23:24:14","slug":"what-you-need-to-know-about-scholarships","status":"publish","type":"post","link":"https:\/\/smartcollegeadmission.com\/es\/what-you-need-to-know-about-scholarships\/","title":{"rendered":"What You Need To Know About Scholarships"},"content":{"rendered":"

Almost everyone hopes to finance their college education with scholarships. They’ve been told there are millions of dollars waiting for students to claim. The more popular (and reputable) sites are\u00a0www.fastweb.com<\/a>,\u00a0www.scholarships.com<\/a>, and\u00a0www.bigfuture.collegeboard.org<\/a>.<\/span> They are all about the same and act as a clearinghouse for private scholarship information. Please feel free to create an account at any of them. Please do not ever<\/strong> pay someone to find you scholarships. Scammers will go to these free websites and charge you for the information.<\/p>\n\n\n\n

Here’s\u00a0the<\/strong><\/span> reality:<\/strong><\/p>\n\n\n\n

There are around 1.7 million private scholarships in the USA, with a value of about $7.1 billion. <\/p>\n\n\n\n

That sounds like a lot of money.<\/p>\n\n\n\n

But here’s the catch. They don’t give it all away. They award only a small percentage of the total value because these are endowments. That means the principle doesn’t get touched. Foundations only give away a portion of the interest the endowment earns. This is how they have enough money to give a scholarship year after year. Private scholarships can be for ANYTHING and do not always require top grades. Are you a twin? Have A parent who survived cancer? Left handed? These are some of the predictable ones; others can get oddly specific! Some don’t even need an essay. For example, have you heard of the contest to make a prom outfit from Duck brand duct tape?\u00a0<\/a><\/p>\n\n\n\n

Back to the serious stuff. According to\u00a0Research.com<\/a><\/span>, only 25% of students receive scholarships or grants, and 97% receive $2500 or less. Only .2% (did you see that point in FRONT of the two?) received scholarships worth $25,000 or more.<\/p>\n\n\n\n

I am going to focus on merit-based scholarships unrelated to athletics. Click here<\/a> for the stats for athletic scholarships by division and sport. Only 1.3% of college athletes get ANY scholarship at all.<\/em> But it can help you get admitted.<\/p>\n\n\n\n

The vast majority of scholarships come from the colleges themselves. Need-based scholarships are the most common type, and you have no control over how each college determines “need.” That leaves merit scholarships. Highly competitive schools rarely offer merit-based aid. When they can fill their classes 25 times over, they don’t need to entice anyone to attend with extra money. These are the Ivy+\/elite schools everyone knows by name.<\/p>","protected":false},"excerpt":{"rendered":"

Almost everyone hopes to finance their college education with scholarships. They’ve been told there are millions of dollars waiting for students to claim. The more popular (and reputable) sites are\u00a0www.fastweb.com,\u00a0www.scholarships.com, and\u00a0www.bigfuture.collegeboard.org. They are all about the same and act as a clearinghouse for private scholarship information. Please feel free to create an account at any […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[21],"tags":[11,12,30],"class_list":["post-458","post","type-post","status-publish","format-standard","hentry","category-paying-for-college","tag-financial-aid","tag-paying-for-college","tag-scholarships"],"yoast_head":"\nWhat You Need To Know About Scholarships - Smart College Admission<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smartcollegeadmission.com\/es\/what-you-need-to-know-about-scholarships\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What You Need To Know About Scholarships - Smart College Admission\" \/>\n<meta property=\"og:description\" content=\"Almost everyone hopes to finance their college education with scholarships. 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