Scholarships are a great way to help pay for college and can be a great asset to any student’s financial aid package. However, it can be difficult to know what percentage of kids get scholarships each year.
According to the National Center for Education Statistics, over 1.7 million scholarships are awarded annually. However, only 7% of college students will receive a scholarship. This number is much lower than many people expect.
Public scholarships are the most common type of scholarship and are awarded by the government. These scholarships are typically based on financial need, academic performance, or a combination of both. Major total amount of grant aid received by engineering, education, business/management, and health are 6.1%, 4.5%, 15.9%, and 18.4%, respectively.
Private scholarships are typically awarded by companies, organizations, or individuals. These scholarships are usually merit-based and may require students to meet certain criteria, such as having a certain GPA or being involved in a certain extracurricular activity. Private scholarships can be competitive and often require students to submit an application and essay.
Scholarships can be a great way to help pay for college, but it is important to remember that they are not the only way to pay for college. Students should also look into grants, student loans, and work-study programs.
It is also important to remember that scholarships are not guaranteed. It is important to research and apply for as many scholarships as possible to increase the chances of receiving one. Additionally, students should make sure to meet all the requirements of the scholarship and submit all the necessary paperwork on time.
In conclusion, only 7% of college students will receive a scholarship each year. However, scholarships can be a great way to help pay for college and should be taken advantage of. It is important to research and apply for as many scholarships as possible and to make sure to meet all the requirements and submit all the necessary paperwork on time.