Breaking Down Scholarships for Teenagers

Several scholarship opportunities are available, but it isn’t easy to know where to begin looking. Some others may even find it too daunting to look at at all! 

There’s no doubt that textbooks, tuition, supplies, housing, and dues can rapidly pile up at school. Fortunately, many businesses and organizations want to assist students like you get an education. They offer different grants and scholarships based on your interests, skills, and past experiences. 

Don’t let your initial costs stop you from going to school. With the right planning and resources, you may be able to save a few thousand dollars every semester.

Check out the list below to see what scholarships are out there and if you qualify for any of them.

Types of Scholarships for Teens

Academic

There are several sorts of scholarships available for academic achievement. Some depend on your total GPA, some on your SAT score, and others on your admissions exam score.

Almost every school gives out some kind of academic award, especially to the valedictorian or salutatorian of the senior class.

If your grades and entrance test results are ineligible for your preferred school’s academic award, you might apply for a national academic scholarship, such as the National Merit Scholarship Program.

Need-Based

Need-based aid scholarships are given to students based on their financial situation, not just on how smart they are. This usually indicates that the student’s family’s household income does not surpass a specified threshold. 

For example, the Greenhouse Scholars Program is available to students with a household income of less than $70,000. 

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However, other conditions such as a minimum GPA, academic accomplishments, leadership demonstration, and extracurricular activities may be required depending on the scholarship. 

Some scholarships, such as The Gates Scholarship, only pay expenditures that remain after any other federal financial aid has been awarded, so when applying for a need-based scholarship, always read the requirements carefully.

Major or Course Scholarships

Some students attend college with no idea what they want to study. Those that are certain about what they wish to major in may be eligible for a scholarship for that specific degree or major.

Scholarships will vary depending on the school. A college popular for a specific major or degree will generally provide scholarships for those majors. Suppose they have a renowned alumnus with that degree or have collaborated with a large corporation to sponsor their curriculum. In that case, there’s a good possibility they offer a scholarship for students enrolled in that course.

Scholarships are also available from private firms, professional groups, and charity organizations depending on a student’s major or course of study.

Scholarships Based on Identity

This may include students from distinct ethnic and cultural origins, members of the LGBTQ+ community, or those with learning or mobility impairments. 

Third-party groups such as the Point Foundation, which gives the BIPOC Scholarship for LGBTQ Students, and the Hispanic Scholarship Fund frequently offer identity-based awards. 

Full-Tuition Scholarships

A full-ride scholarship is the most desirable since it covers all educational expenses. Most full-ride scholarships are school-specific; however, a few organizations do not limit the use of monies to any particular institution.

These scholarships are often awarded primarily based on academic performance; however, some may also consider the student’s financial requirements. 

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Some private full-ride scholarships come with a catch, such as a two-year commitment to work for the corporation.

Scholarships from the Government

In addition to student grants and loans, the government – whether municipal, state, or federal – provides scholarships. Because these alternatives differ across the country, so will the conditions to qualify for this assistance. California, for example, provides a government stipend to kids in the foster care system. 

With its One Family Scholarship Program, Massachusetts gives scholarships to individuals who are the “head of household” with children under 18 who are in danger of homelessness. 

Government scholarships can also be used for specialized initiatives, such as assisting students studying abroad.

Women’s Scholarships

Women attend college in increasing numbers. However, because men have long dominated higher education, more universities and organizations are stepping up to equalize the balance.

There are several sorts of scholarships available for women. Aside from traditional scholarships based on the applicant’s geographical area and academic interests, there are additional awards for single moms and scholarships for women who have been abused.

Because scholars may have different demands than other students, these scholarships are frequently tailored to meet their needs. 

For example, the Women’s Independence Scholarship Program offers a charity auxiliary aid grant that may be spent for housing or childcare. These are regarded as impediments to studying.