Merit aid is a form of financial assistance awarded to college students based on academic, athletic, artistic, or other achievements rather than financial need. Here are the top 10 factors that can help you secure merit aid:
1. Strong Academic Performance
High GPA and challenging coursework (AP, IB, or honors classes) can significantly increase your chances of receiving merit aid. When in high school, take as rigorous of a course load as you can manage, while still being able to understand the material and do well.
2. Standardized Test Scores
High SAT or ACT scores are often key factors in merit aid eligibility. Some colleges have automatic merit scholarships for students with scores above certain thresholds. Even though we are in a mostly test-optional landscape, great test scores can often mean merit money.
3. Class Rank
Being in the top percentile of your graduating class can make you more competitive for merit-based scholarships. If your high school does not rank, it’s not a problem. Colleges just want to know you in the context of your high school environment, which they get in a lot of ways.
4. Extracurricular Involvement
Participation in clubs, sports, volunteer work, leadership roles, and other activities can help demonstrate well-roundedness and leadership qualities, which many scholarships value. Evaluate how you spend your time outside of school, and see if there are opportunities for further authentic involvement.
5. Athletic Achievement
Exceptional performance in a sport can qualify you for athletic scholarships or merit aid, especially if you’re recruited by a college team. While Division I and II schools are allowed to give athletic scholarships, many Division III schools find other merit aid for athletes.
6. Artistic or Musical Talent
Demonstrated talent in art, music, theater, or other creative fields can make you eligible for merit aid from colleges or external organizations. Your artistic and creative talent might earn merit money for college.
7. Special Achievements or Awards
Winning national, regional, or state awards, participating in science fairs, or being recognized for community service can strengthen your merit aid application.
8. Essay Quality
Many scholarships require essays. A compelling, well-written essay can set you apart and increase your chances of receiving merit aid. Be sure to take enough time on each essay: personal statement, supplementals, and scholarship essays.
9. Letters of Recommendation
Strong recommendations from teachers, coaches, or mentors can provide insight into your character, work ethic, and achievements, which can enhance your application. Carefully consider the adults in your life who you will ask for these important testimonials.
10. Applying to the Right Schools
Targeting colleges known for offering generous merit aid or schools where your academic profile is above the average for admitted students can improve your chances of receiving aid. This is the most important factor, as not all schools are equally generous with merit aid.
Focusing on these factors can significantly increase your chances of obtaining merit aid for your college education. If you have any questions about merit aid or college guidance, please reach out to me for a free consultation.
