Merit Based Grant
A Merit Based Grant is any kind of grant that has specific requirements in order for you to qualify for the award. As opposed to Need Based Grants which require you fall within certain income requirement to qualify, merit based grants typically involve a combination of academic and income factors into consideration.
A common form of merit based grant are State Grants. State grants usually have an income limitation. If you fall within this income bracket, it does not automatically put you into the game. You have to have the grades as well to qualify.
Other forms of the Merit Based Grant are very similar to scholarships. They don’t have to be paid back. They can be funded by organizations or companies and can look impressive on your future resume.
Here are some Merit Based Grants to consider:
Robert C. Byrd Honors Scholarship Program
The Robert C. Byrd Honors Scholarship Program is a federally-funded and state-administered merit-based scholarship program in the United States. It is designed to recognize exceptionally able high school seniors who show promise of continued excellence in postsecondary education. The United States Department of Education's Office of Postsecondary Education awards (Read more)
National Science Scholars Program (NSSP)
National Science Scholars Program (NSSP) encourages students to continue their postsecondary studies in physical, life, and computer sciences, mathematics, and engineering. Student are therefore eligible to receive renewal awards only if they combine their studies in these fields. (Read more)
Leveraging Educational Assistance Partnership (LEAP)
The LEAP Program provides grants to states to assist them in providing need-based grants and community service work-study assistance to eligible postsecondary students. States must administer the program under a single state agency and meet maintenance-of-effort criteria. (Read more)