Students are selected for scholarships in a number of ways, including academic achievement, special talents or financial need, reports Federal Student Aid, a service of the U.S. Department of Education. Some scholarships are for specific types of people, such as women, minorities, employees, or military personnel and their families.Continue Reading
Students can find scholarships through federal agencies, state agencies, college or career school financial aid offices, high school counseling offices and large businesses, according to Federal Financial Aid. Scholarships are also available through community organizations, religious organizations, foundations, professional associations and ethnicity-based organizations. The U.S. Department of Labor has an online scholarship search engine with thousands of scholarships arranged in categories such as state resident preferences, study levels and affiliations. Because every scholarship has specific requirements, students should study the guidelines carefully to be sure they qualify and fill in the application before the deadline.
Apart from scholarships, grants are free gifts students use to help pay for education, states Federal Student Aid. Grants are almost always need-based. Federal grants include Federal Pell Grants, Federal Supplemental Education Opportunity Grants, and Teacher Education Assistance for College and Higher Education Grants. To apply for grants, most scholarships and other forms of financial aid, students must fill out a Free Application for Federal Student Aid, or FAFSA.Learn more about Credit & Lending