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TuitionHero's scholarship marketplace, like TuitionHero's other product verticals (student loan refinancing, private student loans, and credit cards), is designed to provide you a free and transparent platform that allows you to make side-by-side comparisons of financial products so that you can make educated decisions as to what product best suits your needs. Read more
Your scholarship questions answered
Funds used for tuition and mandatory academic fees are tax-free. But if you use your scholarship money for other expenses, like room and board, it's taxable. It's important to keep this in mind to avoid any tax surprises.
An outstanding scholarship essay can make all the difference when competing for funds. It's more than just answering the prompt; it's about conveying your story. Start by thoroughly understanding the prompt. Then, brainstorm and share a unique personal experience or perspective that connects with the scholarship's theme. Don't forget the important step of proofreading — your essay should be free of errors.
Eligibility can be based on various factors: your grades, extracurricular activities, community service, and even personal hobbies or interests. Some scholarships might focus on leadership experiences, while others might be tailored for students of a specific ethnic background or field of study.
Full-ride scholarships are like the golden ticket of college funding. They cover every aspect of your college costs, from tuition to room and board. These scholarships are often awarded based on academic achievement, exceptional athletic skills, or other talents. But securing one requires dedication, hard work, and often a bit of strategy.
Merit-based scholarships reward students for their hard work and talent. Whether you're a star athlete, a math genius, or an exceptional artist, there's likely a merit-based scholarship for you. Unlike need-based scholarships, they focus on individual accomplishments, talents, and skills, rather than financial circumstances.
Receiving a scholarship is awesome, but where does that money actually end up? Typically, scholarship funds are sent directly to your chosen educational institution. They're then used to offset costs like tuition, books, and other essential academic fees. But, in some cases, the scholarship amount might be handed directly to the student for them to use as they see fit. Regardless, it's important to understand the terms and conditions of your scholarship to use the funds appropriately.
Funds used for tuition and mandatory academic fees are tax-free. But if you use your scholarship money for other expenses, like room and board, it's taxable. It's important to keep this in mind to avoid any tax surprises.
Full-ride scholarships are like the golden ticket of college funding. They cover every aspect of your college costs, from tuition to room and board. These scholarships are often awarded based on academic achievement, exceptional athletic skills, or other talents. But securing one requires dedication, hard work, and often a bit of strategy.
An outstanding scholarship essay can make all the difference when competing for funds. It's more than just answering the prompt; it's about conveying your story. Start by thoroughly understanding the prompt. Then, brainstorm and share a unique personal experience or perspective that connects with the scholarship's theme. Don't forget the important step of proofreading — your essay should be free of errors.
Merit-based scholarships reward students for their hard work and talent. Whether you're a star athlete, a math genius, or an exceptional artist, there's likely a merit-based scholarship for you. Unlike need-based scholarships, they focus on individual accomplishments, talents, and skills, rather than financial circumstances.
Eligibility can be based on various factors: your grades, extracurricular activities, community service, and even personal hobbies or interests. Some scholarships might focus on leadership experiences, while others might be tailored for students of a specific ethnic background or field of study.
Receiving a scholarship is awesome, but where does that money actually end up? Typically, scholarship funds are sent directly to your chosen educational institution. They're then used to offset costs like tuition, books, and other essential academic fees. But, in some cases, the scholarship amount might be handed directly to the student for them to use as they see fit. Regardless, it's important to understand the terms and conditions of your scholarship to use the funds appropriately.
