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Top Need Based Scholarships in July 2022
While some scholarships are focused on supporting students based on specific talents or achievements, other scholarships aim to support students who have demonstrated financial need. These need based scholarships sometimes also include a merit or academic component, but will always require students to demonstrate financial need.
If you are a low income student or even a middle income student, you may qualify for one of our top need based awards.
Jump ahead to:
- Top need based scholarships
- How to apply for need-based financial aid
- Frequently asked questions
- Upcoming scholarships
- Explore these other scholarship categories
Keep on reading for more information about the specific scholarships, eligibility, and deadlines, as well as a mini-guide on applying for need-based financial aid.
Here are the top need based scholarships in 2022:
“A Helping Hand” Scholarship
- Eligibility: Low-income, graduating high school seniors planning on enrolling in community college, career training programs, or four-year colleges/universities in the Fall of 2022 are all eligible. Current college and graduate students who demonstrate financial need may also apply
- Amount: $500
- Deadline: August 31, 2022
$40,000 BigFuture Scholarships
- Eligibility: Open to US-based high school students in the class of 2023– no essay, minimum GPA, test score, or citizenship requirements.
- Award: Up to $40,000 per month
- Deadline: July 31, 2022
College Board “Complete Your FAFSA” Scholarships
- Eligibility: High school seniors
- Amount: 500 awards worth $500
- Deadline: Varies
Horatio Alger Career & Technical Scholarships
- Eligibility: Students enrolled in eligible technical programs
- Amount: $2,500
- Deadline: Rolling
Horatio Alger National Scholarships
- Eligibility: Enrollment full-time as a high school juniors with financial need in the United States with plans to enter college no later than the fall following graduation
- Amount: $25,000
- Deadline: July 31, 2022
Elks Most Valuable Student Scholarship
- Eligibility: High school seniors
- Amount: Up to $50,000
- Deadline: November 15, 2022
Ron Brown Scholars Program
- Eligibility: High school achieving Black/African American students with demonstrated financial need
- Amount: $10,000 per year for a total of $40,000
- Deadline: January 9, 2023
Other need-based scholarships
Macy’s Emergency Scholarship Fund
- Eligibility: Full-time college students who are facing hardship that might impact their education. Applicants must be residents of California, Florida, Missouri, New Mexico, New York, Ohio, Puerto Rico, or Texas and have a 3.0 GPA or above
- Amount: Up to $500
- Deadline: Rolling
Philanthropic Education Organization for Continuing Education Grant
- Eligibility: Women with financial need who are within 18 months of completing an educational program
- Amount: $3,000
- Deadline: Rolling
How to apply for need based financial aid
In addition to applying for need based scholarships, you should also take advantage of all other need-based financial aid opportunities. In addition to need-based grants that don’t need to be repaid (like the Pell Grant), students will be able to access federal student loans, and work study.
To apply for need-based financial aid, students will need to submit the FAFSA and for some schools, the CSS Profile).
Remember, you will need to apply for financial aid by the appropriate CSS Profile and FAFSA deadlines. If you apply for financial aid and are accepted to the college, you will receive a financial aid award letter that outlines the various types of aid available to you.
See also: How to write a statement of financial need
Frequently asked questions for low income students
Does my family income qualify me for need-based scholarships or financial aid?
It depends! Every scholarship will have a different requirement for income and who is eligible. Many need-based scholarships will provide a specific income or range that eligible student must fall in-between.
For need-based financial aid, it will also depend. Each college will use a formula to determine how much money your family can afford to pay (this is also known as the Estimated Family Contribution or EFC).
What’s the difference between a need based and merit based scholarship?
The primary difference is that a need based scholarship will be taking into account a student’s financial situation and will focused on supporting the students who need financial support the most. A merit based scholarship will be focused on supporting students with specific talents or “merits” as defined by the scholarship committee.
Merit scholarships typically assess students based on a variety of factors, including GPA, test scores, extracurricular activities, and internships. Keep in mind that many scholarships use a combination of need and merit-based qualifications to choose their recipients. So, as a student applying for need-based scholarships, you’ll have a better chance if you earn good grades and test scores.
Also see: Top merit scholarships
Upcoming need-based scholarships
Bezos Scholars Program
- Eligibility: High achieving high school juniors with demonstrated financial need
- Amount: All expenses for the Program are covered, including transportation, lodging, meals, and all passes for the Aspen Ideas Festival in Colorado. Also includes opportunities to apply for $1,000 seed grants to design and implement ideas
- Opens: October 2022
Dell Scholars Program
- Eligibility: High school juniors and seniors who are participating in a Michael & Susan Dell Foundation approved college readiness program.
- Amount: $20,000, a laptop credit, textbook credit, and on-going mentoring
- Opens: October 1, 2022
Gates Scholarship
- Eligibility: High school seniors of African-American, American Indian/Alaska Native, Asian & Pacific Islander American, and/or Hispanic American who are Pell-eligible
- Amount: Full funding of all costs not covered by financial aid and family contribution
- Opens: July 15, 2022
Greenhouse Scholars Scholarship
- Eligibility: High school seniors with demonstrated financial need who reside in Colorado, Georgia, Illinois or North Carolina
- Amount: $22,000 over four years
- Opens: September 1, 2022
Hagan Scholarship
- Eligibility: High-achieving high school seniors living in rural areas of the US who have demonstrated financial need
- Amount: $48,000
- Opens: September 1, 2022
Hubertus W.V. Willems Scholarship for Male Students
- Eligibility: Males currently/planning on majoring in one of the following STEM fields: Engineering, Chemistry, Physics or Mathematical Sciences
- Amount: $3,000
Jack Kent Cooke Foundation Scholarship
- Eligibility: Open to high school seniors with demonstrated financial need
- Amount: Full funding (including tuition, living expenses, books, and other required fees for four years)
- Opens: August 25, 2022
Jack Kent Cooke Undergraduate Transfer Scholarship
- Eligibility: Current community/two year college students at sophomore level. Applicants must have a 3.5 GPA (on a 4.0 scale) and unmet financial need
- Amount: Varies according to need
- Opens: October 6, 2022
Jackie Robinson Foundation Scholarship
- Eligibility: Open to high school seniors from minority backgrounds.
- Amount: up to $30,000 over 4 years
- Opens: September 1, 2022
Jeannette Rankin Women’s Scholarship
- Eligibility: Women who are 35 or older with financial need
- Amount: Up to $10,000
- Opens: November 2022
P.E.O. International Peace Scholarship
- Eligibility: Applicants must be qualified for admission to full-time graduate study and working toward graduate degrees in an accredited college or university in the United States or Canada. Students who are citizens or permanent residents of the United States or Canada are not eligible
- Amount: $12,500
PanHellenic Scholarships
- Eligibility: U.S. college bound/college students of Greek heritage
- Amount: Varies
Questbridge National College Match Scholarship
- Eligibility: High school seniors who have demonstrated financial need (while Questbridge is not exclusive to first generation students, 70% of finalists are first generation students)
- Amount: Full funding (including tuition, room, and board) for four years
- Opens: Late summer 2022
Scholarship America Dream Award
- Eligibility: Students currently enrolled in higher education programs (two- or four-year college, university or vocational-technical school)
- Amount: Winners receive awards ranging from $5,000 to $15,000. Awards are renewable up to three additional years or until a first bachelor’s degree is earned, whichever occurs first, on the basis of full-time enrollment, satisfactory academic performance, and availability of funding. Each year of eligible renewal, the award will increase by $1,000
- Opens: August 2022
Tzu Chi Scholarship
- Eligibility: High school seniors with a minimum GPA of 3.0
- Amount: $1,000 (renewable for four years)
- Opens: October 31, 2022
