Merit-Based vs. Need-Based Scholarships: Which One Should You Apply For?

Merit-based and need-based scholarships mainly differ in the reason the scholarship is awarded. Knowing what each type requires in eligibility criteria can help you identify options that align with your profile.

The key difference between merit and need-based scholarships is that while one focuses on your achievements, the other takes your financial situation into consideration.

Merit-based scholarships are typically awarded to students who have showcased brilliant performance or achievement in a particular area of study or extracurriculars. The eligibility criteria may vary depending on the university, scholarship provider, and course pursued.

• Strong academic record: Students with consistently strong grades, standardised test scores, or academic achievements may qualify for merit-based academic scholarships abroad.

• Achievements beyond academics: Some scholarships recognise achievements outside academics, such as sports, arts, leadership, community service, or other extracurricular activities.

• Relevant skills or talent: Students with a strong portfolio, specific skills, or exceptional talent in an area related to the scholarship may also be considered eligible for various study abroad funding options.

Need-based scholarships are usually offered to students who genuinely need financial support to cover the cost of studying abroad. Eligibility may vary depending on the university or scholarship provider.

• Students with demonstrated financial need: These students may need to provide details of their family income, assets, or other financial circumstances to show they genuinely need assistance to earn a degree overseas.

• Students who meet the academic requirements: Some scholarships may also require minimum academic or admission standards that you must meet before you are considered eligible for specific university scholarships for international students.

• Students who meet the scholarship criteria: Eligibility for a scholarship program may largely depend on the study destination you choose, the course you aspire to pursue, your nationality, and other criteria (as defined by the specific scholarship provider).

The selection criteria for merit-based and need-based scholarships can differ significantly. Understanding what specific scholarship providers look for can help you prepare a stronger, more relevant application.

• Merit-based: The selection typically focuses on academic performance, test scores, leadership, sports, arts, or other achievements.

• Need-based: Selection under this category primarily considers your financial situation, such as family income and the ability to meet education and living costs abroad.

Yes, international students can be eligible to apply for both merit-based and need-based scholarships, depending on each scholarship provider's requirements. You can explore both options if you meet the respective eligibility criteria. Here’s how to get a scholarship to study abroad (and apply under both categories):

• Check the eligibility criteria: Review the scholarship requirements for the specific program that you are interested in applying to. Make sure to check whether or not applications are open to international students.

• Apply based on your profile: Consider merit-based options if you have strong academic/extracurricular achievements and need-based options if you can showcase authentic financial need.

Applying for scholarships (whether merit- or need-based) takes more than filling out an application form. Even small mistakes can significantly affect your chances of acceptance. So, review your application thoroughly before submitting it. Here are some helpful scholarship application tips to help you along the way:

• Avoid missing deadlines: Keep track of all application deadlines and submit all required documents on time. Missing a deadline may result in the rejection of your application.

• Ignoring eligibility criteria: Ensure that you carefully check the requirements of the scholarship program that you intend to apply for. Make sure you qualify before applying.

• Submitting a generic application: Generic or vague applications can be outright rejected. Make sure to customise your application and supporting documents to the specific scholarship program you are applying for. Draft it in a way that aligns it with what the program is specifically looking for.

There is no definite answer about which scholarship program is best for you. It is a personal choice based largely on your academic profile, financial situation, and the eligibility criteria defined by the specific scholarship provider.

• Consider the funding that you need: It helps to check whether the scholarship that you are considering offers a partial or full fee waiver. Most international students prefer fully funded scholarships because they cover full tuition fees and include living expense support. Partial scholarships can provide the financial assistance you need and help you meet your study abroad goals (even if they don't cover tuition in full).

• Consider the application effort required: Some scholarships may require you to write essays, prepare for interviews, create strong portfolios, or gather elaborate financial documents (specifically required for financial need scholarships). Make sure you know the exact scholarship requirements for international students and are sufficiently prepared for the application process.

• Apply beyond one category: Avoid limiting yourself to a single scholarship type. Compare different options and apply to those that align with your specific circumstances, requirements, and study abroad goals.

Summary

Choosing between merit-based and need-based scholarships can seem confusing when you’re planning your study abroad budget. IDP Education study abroad consultants can help you explore scholarship opportunities overseas, understand each eligibility requirement, and make more informed funding decisions based on your study plans and circumstances.

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