Understanding Scholarships: Where to start

by | Jan 25, 2025 | Education

Understanding Scholarships: Where to Start and How to Qualify

Whether you’re a high school senior, current college student, or returning learner, scholarships can make the difference between taking on debt—or thriving with support. This guide is part of our Scholarships & Economic Empowerment Series, designed to help students and aspiring professionals find opportunity and financial relief.

What Is a Scholarship?

A scholarship is financial aid awarded to students based on merit, financial need, identity, or field of study. Unlike loans, scholarships do not need to be repaid. They can be offered by schools, private organizations, nonprofits, corporations, or government programs.

There are four common types of scholarships:

  • Merit-Based – Awarded for academic, athletic, or artistic excellence.

  • Need-Based – Given based on demonstrated financial need.

  • Demographic-Specific – For students from specific backgrounds, such as first-generation students, BIPOC, LGBTQ+ individuals, or others.

  • Field-Specific – For those pursuing high-need fields like STEM, education, or healthcare.

Where to Start Your Search

Finding scholarships can feel overwhelming, but knowing where to look can make it easier. Start with:

  • Your school counselor or college advisor

  • The financial aid office at your college or university

  • Online scholarship databases like:

  • Local community organizations and faith-based groups

  • State programs, such as:

    • DC Mayor’s Scholars Program

    • Maryland Delegate Scholarships

What You’ll Typically Need to Apply

Most scholarship applications ask for the following materials:

  • Completed application form (often submitted online)

  • A personal essay or statement of purpose

  • High school or college transcripts

  • Letters of recommendation

  • FAFSA or income documentation (for need-based awards)

Tips to Strengthen Your Scholarship Applications

  • Start early: Many deadlines fall between January and March.

  • Apply broadly: Apply for as many scholarships as you can—every award adds up.

  • Tailor your essays: Address the mission or focus of each scholarship organization.

  • Get feedback: Have teachers, counselors, or mentors review your essays and applications.

  • Stay organized: Track deadlines and submissions using a spreadsheet or calendar.

Final Thought

Scholarships are more than financial support—they’re a vote of confidence in your potential. Whether you’re attending a community college or aiming for a top university, free financial aid is out there—and you deserve it.

Stay tuned for more guides in this series, including:

  • How to Write a Scholarship Essay That Gets Noticed

  • Business Microgrants 101

  • Navigating FAFSA and Pell Grants

Dr. Bertrand Fote, MD, MBA, FACEP, CF2
President, The Gatsby Showcase Foundation

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