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The first need-based scholarship was dispersed in the summer of 2006, and during the 2006-2008 academic years $3.6 million has been given to students at the University of Florida. In 2008, Coach Urban Meyer and Coach Billy Donovan agreed to lead the charge to raise $50 million to help support and fund this scholarship on campus. [2] [3]
As of August 2022, the program funds four scholarship levels, available to students who: Are U.S. citizens or legal residents; [10] Graduate from a Florida high school, OR earn a GED as a Florida resident, OR homeschooled students who are registered with their local district for at least two school years, OR out-of-state students who earn a diploma from a non-Florida high school while living ...
The scholarship offers $2,700 a semester for eight to ten semesters. [77] [78] The J. Wayne Reitz Scholars Program, created in 1997 and named in honor of the university's fifth president J. Wayne Reitz, is a leadership and merit-based scholarship for Florida students. Its yearly $2,500 stipend may be renewed for up to three years.
Many merit-based scholarships involve contests in which multiple applicants compete for awards. Scholarships can be organized according to ethnicity, interest, career goal, volunteerism history ...
Scholarships may have a financial need component but rely on other criteria as well. Some private need-based awards are confusingly called scholarships and require the results of a FAFSA (the family's EFC). However, scholarships are often merit-based, while grants tend to be need-based. Scholarships, similar to grants, do not need to be repaid ...
Merit aid helps lower college costs.When it comes to paying for college, merit aid is one way to close the gap between the cost of attendance and need-based financial aid. 17 Things to Know About ...
Scholarships in the U.S. are awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award. Some scholarships for college are merit-based. Merit scholarships might be awarded based on academic achievement or on a combination of academics and a special talent, trait, or interest.
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