Introduction

Merit scholarships are rewards that are given to students based on their achievements such as academics, talents, or skills. These are not based on financial need. It supports those students who have shown exceptional talent and dedication and provides them with opportunities to pursue their educational goals. It reduces financial burden and increase access to education. 

What is a merit-based scholarship?

Many students don’t know What is a merit-based scholarship. Merit scholarships are a form of financial aid awarded to students on their achievements. There are many types of merit-based scholarships and these are academic scholarships, artistic scholarships, athletic scholarships, leadership scholarships, and community service scholarships. It comes from various sources, including universities, government, colleges, and corporations. 

Some of the best merit scholarships abroad are:

Here are some merit-based scholarships for study abroad that can help you in reducing financial stress while studying abroad.

• Rhodes Scholarship- It is a prestigious award that allows you to study at the University of Oxford. It covers university tuition fees and provides a stipend for accommodation and living expenses. It allows you to pursue postgraduate study in the world’s leading universities.
• Chevening Scholarships- It offers you an opportunity to study for a one-year master’s degree in the United Kingdom. It covers full tuition fees, and provide monthly living allowance, travel allowances, and visa costs.
• Gates Cambridge Scholarship- It is a Merit-based financial aid which seeks students with not only outstanding academics but also a commitment to improving the lives of others. It provides access to a network of Gates Cambridge alumni. 
• Fulbright Scholarships- This scholarship is sponsored by the US government for students in over 160 countries worldwide. It offers you benefits like, covering tuition fees, living stipends, travel expenses, health insurance, and visa assistance. 
• Great Scholarships- These scholarships are available to students from specific countries and offer a minimum of 10,000 Pounds. It aims to encourage international students to pursue their studies in the UK. 
• Commonwealth Scholarships- It is a valuable opportunity for individuals from commonwealth countries that aims to support those students who can contribute to the development of their home countries. To get this scholarship you must be a citizen of a Commonwealth country.
• DAAD Scholarships- It is offered by the German Academic Exchange Service which offers a wide range of scholarships for students who are looking to study or conduct research in Germany. It is awarded based on academic merit and supports students from diverse backgrounds. 
• Erasmus Mundus Joint Master Degrees- This scholarship is designed by a group of universities from different countries where students spend their study period in at least two different program countries. It is funded by the European Union and offers a wide range of academic disciplines. 
• Schwarzman Scholars- It is a merit-based scholarship for graduate students that provides you an opportunity to pursue a one-year master’s degree program at Tsinghua University in Beijing, China. It focuses on fostering international understanding and building bridges between China and other countries. 
• Clarendon Fund Scholarships- It aims to support graduate students at the University of Oxford without financial constraints, where applicants are expected to have a strong academic record. These are open to graduate students from all around the world.

What is merit cum means scholarship?

It is a type of scholarship that considers a student’s academic merit and financial need. This scholarship aims to support those students who are unable to pursue their education due to financial constraints. It is a valuable form of financial aid that plays a crucial role in promoting educational equity and empowering students to reach their full potential.

Who is eligible for merit scholarships?

Eligibility for merit scholarships can vary depending on the specific scholarship and funding organization. Some general criteria are shown below:

• The main factor is academic excellence, high GPA, and strong standardized test scores like SAT or ACT are commonly considered.
• Many scholarships are awarded based on skills or talents, usually, it can be athletics, arts, and other specialized skills.
• Some scholarships also require specific eligibility, such as specific fields of study, residency in a particular location, and membership in certain organizations. 

How to get merit-based scholarships?

• To get this scholarship make a strategy and build a strong academic profile which includes excellent studies, strong transcripts, and standardized tests.
• If you have a special talent or ability showcase your talent and skill, such as artistic talent, athletic ability, etc by participating in competitions and exhibitions.
• Demonstrate your ability to lead and inspire others and participate in extracurricular activities that align with your interests.
• Research the scholarships with the help of online scholarship databases which include, Scholarships.com, College Board’s BigFuture, and Fastweb. Visit the scholarship pages of universities you are interested in and consult with a counselor for more information and application guidance.
• Prepare application materials, that include essays, transcripts, test scores, letters of recommendation, and portfolio. 
• Practice common questions for the interview and show your passion for your field and commitment to your goals.

Final Thoughts

Now you get it What is a merit-based scholarship? A merit-based scholarship not only provides financial assistance but also opens doors to a wealth of opportunities. Merit scholarships are awarded to students who demonstrate exceptional merit. It makes education accessible to talented individuals who might otherwise be unable to afford it and plays a significant role in fostering academic excellence and providing opportunities for students to pursue their educational goals. 

It is an investment in a student’s potential, recognizing their past accomplishments and encouraging their future success. If you are also thinking of studying abroad and want to know more in detail, get connected with Gateway International which will help you to enlighten your future goals.