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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.
The National Merit Scholarship Program is a United States academic scholarship competition for recognition and university scholarships. The program is managed by the National Merit Scholarship Corporation (NMSC), a privately funded not-for-profit organization based in Evanston, Illinois. [1] The program began in 1955.
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 ...
Each institution has its own definition of meeting the full demonstrated need. Some schools meet this need through grants and/or merit or talent scholarships alone, while others may include loans and work-study programs. As a result, a student's financial aid package can differ greatly between schools that claim to meet full demonstrated need.
A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
The Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT) is a standardized test administered by the College Board and cosponsored by the National Merit Scholarship Corporation (NMSC) in the United States. In the 2018–2019 school year, 2.27 million high school sophomores and 1.74 million high school juniors took the PSAT. [1]
The scholarship is awarded based on merit, and the actual amount given is based on financial need, up to a maximum of $7,500 per academic year. In addition, since at least 2006 until 2018, about 150 exceptional applicants not awarded the Scholarship have been recognized with official Honorable Mentions. [4]
The Greek letters of the society's name were selected to represent Alpha for First, Sigma for Scholarship, and Lambda for Leadership. [3] The motto of Alpha Sigma Lambda is "First in Scholarship and Leadership". [3] The society's crest displays the Greek letters ΑΣΛ and its symbols, the book, the lamp, and the torch. [1]