Merit based scholarships are one of the best ways students students can pay for college!

Merit based scholarships are one of the best ways for high school students to pay for college. These scholarships tend to be quite generous and can rage from a few thousand dollars up to a full ride scholarship. As a bonus, most college merit scholarships are renewable, which means that you can receive the scholarship for all four years of college! Additionally, you may qualify for additional need-based financial aid that can be combined with your merit award.

The only downside to college merit scholarships is that they tend to be specific to particularly colleges. This means that you need to be very particular about the colleges that you apply to as a freshman.

In this guide, we will talk about how to win college-specific scholarships and share some of the top colleges and universities that offer merit programs for prospective students!

Top Merit-Based Scholarships

Which colleges offer the most generous merit scholarships? This is one of the most common questions that students ask because college-specific merit scholarships are among the best ways to pay for college (in addition to need-based financial aid of course). Below, you will find 30 of the schools that give the most merit aid and learn about how to actually win merit scholarships.

Many of these colleges also have strong need-based financial aid programs as well, although this list solely focuses on merit-based financial aid programs. Also, the reason schools such as Ivy League schools, MIT, Stanford, Caltech, etc. do not appear on this list is that they only award need-based aid. In other words, their financial aid programs are so exceptionally strong (due to high endowment) that merit scholarship programs are largely unneeded.

University of Alabama (Tuscaloosa, AL)

• Alabama offers a wide range of merit programs available to students both in-state and out

Arizona State University (Tempe, AZ)

• ASU offers a number of generous need- and merit-based scholarship programs for students.

Auburn University (Auburn, AL)

• Offers the National Scholars Presidential Scholarship to National Merit Finalists and National Achievement Finalists
• This program awards full-tuition scholarships to students both in-state and out-of-state, along with several other perks (including a $1,000 technology stipend)

Boston College (Chestnut Hill, MA)

• Offers a full-tuition merit scholarship (the Presidential Scholars Program) to 15 students
• No separate application is required to be considered for the scholarship, although students must apply through the Early Action application process

Boston University (Boston, MA)

• BU has generous scholarship opportunities including both need-based and merit-based scholarships.

Brandeis College (Waltham, MA)

• Six separate programs available, five of which are for incoming freshmen (with one for rising juniors)

Carnegie Mellon University (Pittsburgh, PA)

• The Carnegie Scholarship is available to incoming freshman who qualify for little to no need-based financial aid

Case Western Reserve University (Cleveland, OH)

• Three separate merit programs offered: the CWRU Dean’s Scholarship, the Satcher-Pamies (merit scholarship for minorities), and the Alumni Scholarship (merit scholarship with a need component)

College of William and Mary (Williamsburg, VA)

• Merit programs include the 1693 Scholars Program and the Monroe Scholars Program ($3,000 research stipend, special housing option)
• For the 1693 Scholars Program, Virginia tuition, fees, room and board annually ($20,224 for 2011-2012) will be covered for in-state residents and Virginia tuition, fees, room and board annually ($20,224 for 2011-2012) for out-of-state residents. Additionally, scholars receive a $5,000 research stipend

Denison University (Granville, OH)

• Denison offers over 1000 scholarships to first year students
• Scholarships range from $2,000 to $46,000

Duke University (Durham, NC)

• Duke offers 9 merit programs which include full-tuition scholarships

Elon University (Elon, NC)

• Elon offers merit- and need-based programs to students.

Georgetown University (Washington, D.C.)

• Check out the Georgetown Incentive Scholarships for need-based aid with a merit component

Georgia Tech (Atlanta, GA)

• Several merit programs are offered, the largest and most prestigious of which is the President’s Scholarship
• The President’s Scholarship is “offered annually to about 50 incredible high-school seniors who have demonstrated superb leadership skills, are among the top few in their class in academic performance, and show promise of continuing such performance” (quote from the below link)

Grinnell College (Grinnell, IA)

• Grinnell offers several merit scholarship programs which range from $10,000 to $50,000 per year

Kenyon College (Gambier, OH)

• Merit scholarships range from $15,000 per year to the full cost of tuition
• Kenyon awards merit aid to about the top 15% of admitted students
• Scholarships for students talented in art, creative writing, and music are also available

Macalester College (St. Paul, MN)

• Merit scholarships awarded to approximately 50% of U.S. first-year students
• Macalester (unlike many top schools) also offers merit scholarships to International Students
• Merit awards range from $2,000 to $64,000 over four years

Lehigh University (Bethlehem, PA)

• A number of merit scholarship programs are offered, including several specific to the arts (look under “Academic Merit Awards/Scholarships”)

New York University (New York, NY)

• NYU offers a mix of merit and need-based programs for students

Oberlin College (Oberlin, OH)

• Oberlin offers merit scholarships based on academic and also “contributions to the student’s school and home community.”

Rensselaer Polytechnic Institute (Troy, NY)

• The Rensselaer Medal Scholarship is a 4-year, minimum $15,000 per year merit scholarship

Southern Methodist University (Dallas, TX)

• SMU offers merit scholarships up to full tuition & room/board!
• Other scholarships also include awards for students in specific majors (such as Engineering, the arts, and STEM)

University of California- Berkeley

• UC-Berkeley offers scholarships based on both need and merit.

University of Colorado at Boulder (Boulder, Colorado)

• UC-Boulder offers a variety of merit- and need-based scholarship programs to both in-state and out-of-state students.

University of Chicago (Chicago, Illinois)

• UChicago offers merit scholarships and scholarships specifically meant for first-generation college students.

University of Miami (Miami, Florida)

• A number of full-tuition merit scholarships are offered, including the Isaac Bashevis Singer Scholarship and the Ronald A. Hammond Scholarship

University of Michigan- Ann Arbor

• The University of Michigan offers mostly need-based, but several merit scholarships as well.

University of North Carolina- Chapel Hill

• Several full-tuition merit scholarships available to students both in-state and out-of-state.

University of Rochester (Rochester, NY)

• The University of Rochester offers a wide variety of merit scholarships for all different types of students

University of Southern California (Los Angeles, CA)

• USC offers a number of full-tuition, half-tuition, and quarter-tuition merit scholarships

University of Virginia (Charlottesville, VA)

• For UVa’s Jefferson Scholars program, in-state scholars receive $26,000 each year, and out-of-state or international Jefferson Scholars will receive an annual stipend of over $53,000
• This program creates a network of current scholars and alumni, along with providing a variety of structured enrichment opportunities to scholars

Tulane University (New Orleans, LA)

• Tulane offers some very generous full and partial tuition scholarships
• All students are considered for partial tuition scholarships by simply submitting their application
• There are 130 full tuition scholarships awarded that require a separate scholarship application (that is due on December 5th)
• Link: Merit Scholarships at Tulane University

Vanderbilt University (Nashville, TN)

• Full-tuition awards plus summer stipends for study abroad, research or service projects will be awarded to 250 students; other, smaller merit programs are also available

Wake Forest University (Winston-Salem, NC)

• WFU has a wide variety of merit programs available to incoming students, including general merit scholarships (such as the Reynolds Scholarships) and scholarships recognizing achievement in art, dance, debate, music and theatre (Presidential Scholarships for Distinguished Achievement)

Worcester Polytechnic Institute (Worcester, MA)

• Worcester Polytechnic Institute offers merit scholarships to students ranging from $10,000 per year to $25,000 per year.

How to win college merit based scholarships

Here are six important things you need to know if you want to win a college merit scholarship:

1. Choose the right colleges 

One of the biggest mistakes students make when building their college list is not paying enough attention to merit scholarships. As a rule of thumb, you want to identify colleges where your admissions “stats” align with the percentage of students winning merit scholarships. So, if a college offers merit scholarships to 25% of applicants, you should be in the top 25% of applicants as far as test scores and GPA. Scattergrams are a great way to assess how your GPA and test scores stack up. At the end of the day, your chances for merit scholarships will hinge on applying to the right colleges.

2. Research the specific scholarships

College merit scholarships can vary from college to college. At some schools, all admitted students are automatically considered for merit scholarships. At other colleges, students will need to complete an essay, separate application, or interview as part of the scholarship application process. Some colleges will even offer merit scholarships for students who have a specific talent in art, music, theater, or another area. 

3. Cast a wide(ish) net

If you are serious about winning a merit scholarship at a specific college, you will need to cast a wide net. While being towards the top of the applicant pool will generally make you a strong candidate for merit scholarships, there are no guarantees. This is why we recommend that you apply to 10 colleges where you will be seriously competitive for merit scholarships. This will increase your odds of having a few merit scholarship offers to choose from.

4. Mind your deadlines

Some colleges will ask students to apply by a specific deadline to be eligible for merit scholarships. Make sure that you are applying by the necessary deadlines (remember, this deadline may be different than the admissions deadline).

5. Don’t forget to apply for need-based financial aid too

Remember, you can apply for both merit scholarships and need-based financial aid! Make sure that you submit your FAFSA and any other required financial aid documents by the necessary deadline. This will ensure that you are being considered for all potential scholarships–merit and need-based–at the colleges on your list.

6. Read the fine print about scholarship renewal

Certain schools might require you to submit evidence that you’re maintaining a certain GPA or meeting other requirements to remain eligible for your award. It’s essential to stay on top of any continuing obligations to your school’s financial aid office.