Question 1

Which group of college students is typically offered scholarships?

Accepted Answer

There are scholarships for college students of all grade levels, fields of study, and backgrounds. Current college students, including those in graduate school, are eligible to apply for hundreds of scholarships. Some scholarships even allow recent graduates who are paying off student loans to apply!

Question 2

How do scholarships help college students?

Accepted Answer

With college costs and other expenses continuing to rise, college students need more financial assistance than ever to finance their degrees. Due to the high costs, many college students and their family members have taken on student loans. Scholarships for college students can help those with financial need avoid student debt. Since scholarships are a form of financial aid that doesn't need to be repaid, they're often a better option than loans.

Question 3

What percentage of college students get scholarships?

Accepted Answer

63% of undergraduate students receive at least one scholarship or grant. However, aid received from the government or your school may not be enough to cover all of your costs. As a result, 45 million Americans have student loans. Private scholarships can help make up the difference so students can minimize their need for loans.

[Page 14] Best Scholarships for College Students in 2023