Scholarships reduce the cost of higher education without the need to repay the money, unlike student loans. They can be based on academic merit, financial need, athletic or artistic talent, or a chosen field of study. Some are offered by universities, others by governments, employers, or nonprofit organizations.
Start your search early. Read the eligibility rules carefully, and note application deadlines for each award. A strong application usually includes your transcripts, a clear personal statement, and letters of recommendation.
Your personal statement is your chance to explain your goals and why the award matters to you. Be specific about your achievements and your plans, and tailor each application to the scholarship’s purpose.
You should also check what your own school offers. University financial aid offices often keep lists of available awards and can advise on applications. Read this guide to scholarships for online students for more detail, and explore MBA programs with scholarships if you are considering graduate study. If you plan to work while studying, the work-study eligibility guide may help.
Treat competition realistically. Many scholarships get fewer applications than students expect, so applying is worth the effort. Set up a calendar of deadlines so you never miss one.

