Merit-based scholarships are awards given to students who have demonstrated academic excellence or other exceptional talents or achievements. Unlike need-based scholarships, which are awarded based on financial need, merit-based scholarships are awarded based on merit alone. This can include academic achievement, artistic talent, athletic ability, or other special skills or accomplishments.
Merit-based scholarships are an important source of funding for college students, and they can help to make higher education more affordable for many families. In addition, merit-based scholarships can provide students with recognition for their hard work and dedication, and they can help to motivate students to continue to excel in their studies.