What is a Scholarship and What Types Are Available?

Receiving a college acceptance letter is an achievement, and once you've gotten your foot in the door, it's time to start forming a game plan. You have a lot of decisions to make. One of the most crucial considerations to factor into the equation is how you plan to pay for college.

Whether you're going to be paying out-of-pocket each term or relying on private or federal loans, it's wise to consider how you can offset the cost of your college degree by applying for scholarships. Some scholarships are offered by third parties and are available to anyone who meets qualification standards. Many schools also offer scholarships available only to incoming and current students at that school.

What Does It Mean When You Get a Scholarship?

A scholarship is an award of money that is provided for a student to support their pursuit of a college degree. If you get a scholarship, you can put it toward the cost of your tuition, potentially making your education more affordable.

Typically, you'll need to identify a scholarship you qualify for and submit an application to be considered. "While it takes time, it is one of the best ways you can fund your education because it is money you do not have to repay," said Donna Camire, a director of Student Financial Services for the Southern New Hampshire University (SNHU) Global Campus. That's the main difference between using scholarship money to help fund your education and student loans.

What Are the Benefits of Getting a Scholarship?

Perhaps the best benefit of getting a scholarship is that the money awarded to you can help you pay for college. Some additional reasons why you should consider applying for scholarships include:

• You may not need to borrow as much. This is because scholarship money awarded to you does not need to be paid back. As a result, you may not need to take out as much in student loans and, therefore, owe a lender less. "Scholarships will allow a student to minimize the amount of loan debt they will have to repay once graduated," Camire said.
  
  
• You can keep applying for them. Unlike the Free Application for Federal Student Aid (FAFSA), which is important to apply for annually, you can seek out scholarships year-round. Just because you've been awarded one scholarship does not mean you can't qualify for others that same year. Be sure to review deadlines as you identify which you'd like to apply for, as dates may differ between scholarships.
  
  
• How they're spent may be up to you. While some scholarship money will be sent directly to your college's financial aid office, others may go directly to you. You can then decide whether you want to apply your scholarship to your tuition or textbooks or some other fee. According to Camire, each scholarship is unique, so it's important to understand how potential award money could be applied to your education. "It is important to review the offer thoroughly to understand how the funds will disburse," she said.
  
  
• They're not all need-based, and they're not all merit-based. Unlike most federal aid you could receive in your financial aid offer letter, scholarships are not necessarily need-based, although some organizations and scholarship donors may want to consider your financial position. Additionally, you may not be required to provide a grade point average (GPA) on your scholarship application, but there are certainly some that will.

What Are the Different Types of Scholarships?

In general, scholarships are broken out by the criteria considered for a candidate's eligibility — merit, financial need, personal background, athletics and so on, according to Camire.

It's important to dig deeper, however. "Start with your program, gender, special interests, etc.," Camire said. "Believe it or not, there is a scholarship out there for just about anything you can think of, such as one for left-handed individuals."

It can be daunting to wade through the pages upon pages of scholarship listings on websites like College Board, but if you approach your search strategically, it will make the process considerably more efficient.

"There are thousands of (scholarships) out there for almost everything you can think of," Camire said.

Within those broader categories, here are 7 examples of how you can divvy up the categories to make your search easier:

Scholarship Contests

Some institutions and organizations may also award scholarships to the general public contingent on being accepted into a program. For example, creative writers who participate in SNHU's Fall Fiction Contest have a chance to win a scholarship to the university if their short story submission is a finalist.

As the second-place winner of the 2025 contest, Jacqueline Coleman won a $2,000 SNHU scholarship for her short story, "The Hope Index."

Coleman said she's spent over a decade working in communications for Fortune 500 companies and plans to use her Master of Fine Arts (MFA) from SNHU to further her creative pursuits.

"My words have been seen by millions, even if my name wasn’t on them," she said. "Now, as I pursue my MFA in Creative Writing at SNHU, I’m finally turning that lifelong dream toward my own stories."

Read more: Meet the Winners of the 2025 Fall Fiction Contest

Scholarships for Current College Students

Scholarships aren't only for those students just starting their college careers. If you are a current student looking for additional financial support, there are scholarships out there for you.

Scholarships for Military Service Members, Their Families and Veterans

Supporting current and retired members of the U.S. military and their families is a point of pride for many institutions, and you will find a number of scholarships designed around that same goal. For example, SNHU partners with Operation Homefront to offer full-tuition scholarships to military spouses.

One of the 2025 recipients was Rochele Grierson, whose husband serves in the U.S. Army. “Out of what must have been so many applicants, only five were selected for the scholarship,” she said. “And I was one of them.”

A healthcare worker, Grierson said she plans to use the scholarship earn her MSN in Nursing Education from SNHU. She also noted the importance of education for herself and other military spouses.

“Through education, we have the opportunity to define ourselves beyond the role of being a supportive partner — we become professionals in our own right,” she said.

Read more: 5 Military Spouses Awarded Full-tuition Scholarships to Earn SNHU Degrees

Scholarships for Minority Groups

Cultural diversity is another significant factor for many scholarships. You will find awards available to African Americans, students of Hispanic or Asian descent, Native Americans with tribal affiliations and more.

Scholarships for Specific Majors

If you already have your major picked out, be sure to check for scholarships that are designed with you in mind. There are awards for just about every academic discipline — from business programs to healthcare programs and beyond.

Scholarships for Students With Disabilities

Students with disabilities may also find themselves eligible for scholarships intended to provide financial support for them. The awards vary in criteria from the very general to being meant for applicants with specific disabilities.

Scholarships for Women

There are many scholarships available for women, and you don't need to be a traditional 18-year-old to be eligible for them. Some are designated to offer support for single mothers, women pursuing specific academic disciplines, female veterans and women looking to return after a break in their studies.

How to Find a Scholarship: Starting the Search

If you're searching for external scholarship opportunities, you may come across many different sites that can simplify the search process. However, some of these scholarships may be misleading or fake. One safe resource available to SNHU students through an internal portal is Scholarship Universe.

"Scholarship Universe is a database that has over 17,000 scholarships in it at any given time," said Tanner Shaw, a project manager on the financial literacy team at SNHU. He said that all of these scholarships are pre-vetted to ensure they meet certain criteria and aren't fraudulent.

How Do You Get a Scholarship?

Each scholarship will have different guidelines depending on the criteria required. Databases such as Scholarship Universe can help you find scholarships that you may qualify for. According to Shaw, the tool provides a questionnaire to help students narrow down their scholarship options. You can answer questions about your GPA or major, for instance, to be matched with relevant scholarships.

Read all scholarship guidelines carefully, and be sure to understand what is needed from you.

Beyond figuring out the rules and requirements of how to get a scholarship, it's important to have a strong, positive mindset as you begin the scholarship application process. Like applying for a job, you'll want to present your best self. While you likely won't be seated in an interview room, you will need to showcase your strengths in the forms you'll be filling out and the essays that are typically required.

To make your scholarship application stand out, Camire recommended including the names of organizations and community service projects with which you've been involved and any notable awards you've received, be it for athletics or academics or something else.

"The more you share, the better your chances will be to receive one," she said.

Sarah A. Easley '12 '18G is a content writer and proofreader.