Student loan debt has hit an all-time high of $1.59 trillion in January 2022, with borrowers graduating college with an average debt of $28,950.
If you want to graduate with less debt, it is critical that you maximize your financial aid.
Scholarships are a great way to pay for college because, unlike loans, you don’t have to pay back a scholarship that you get.
Here’s what you need to know about scholarships for college:
When to apply for scholarships
Each scholarship has a specific deadline. These deadlines occur throughout the year, so you can find one for any time of the year. Keep in mind, however, that some scholarship deadlines may fall months, even a year, before the start of the academic year for which you’re seeking a scholarship.
So, if you’re a high school student looking to get a scholarship for your freshman year of college, you should start the search process early. While you don’t necessarily have to apply for scholarships in your freshman or sophomore year, you will develop a sense of scholarships that are available so you can apply when you’re ready.
If you’re a current college student, you should be looking for scholarships throughout the year. That way, if you find an award that appeals to you, you’ll be ahead of the game.
And when you apply, be sure to meet the deadline for each specific scholarship.
How to apply for scholarships
Each scholarship has its own unique requirements and qualifications. As a general rule, though, stay away from scholarships that require you to pay a fee to apply.
The first step to successfully applying for any scholarship is reading the details carefully. Make sure that you fit the eligibility criteria and fill out the application completely.
Pay attention to what’s required of you. For example, if you need a recommendation letter, you should request one way ahead of time so you have one by the time you apply. If an essay is required, start writing weeks before the deadline so you have an essay you can be proud of before the due date.
Aim to send in your application at least a few days before the deadline. This way, you avoid the risk of getting sidelined by technical glitches, tests, heavy homework load, or illness.
And don’t forget to submit everything required of you as part of your application.
For more tips on how to apply for scholarships, check here.
How to find scholarships
Colleges may offer either merit-based or need-based scholarships or both. You can usually find most of the information by clicking on their “financial aid” page. If you have questions, don’t hesitate to email or call their financial aid office.
There are also outside scholarships — like the ones listed below — that are sponsored by companies, organizations, foundations, and individuals as a way to give back to their communities. The awards can cover your entire tuition or a portion of it. Some scholarships have a GPA requirement or are based on financial need, while others embrace a cause or emphasize community involvement, athletic achievement, diversity, passion, and much more. For example, the Hyundai Women in STEM Scholarship, which was launched in 2020, is aimed at high school seniors and college undergraduates who identify as female and wish to pursue a STEM-related field of education.
So, how do you find outside scholarships like these?
Start your search with TUN’s Scholarship Search Engine to find scholarships that are ideal for you. You can search by grade level, GPA, major, state of residency, scholarship name, or deadline month. You can also browse through our featured scholarships, some available only through TUN, and a collated list of scholarships for specific groups of students.
You should also check with your high school or college to see if they have a list of scholarships. Your guidance counselor may have the list or point you to someone who can help you. They may also be in the know about scholarships sponsored by local stores or organizations.
Your family is yet another good source of scholarships. Your parents or guardians may work for a company that offers scholarships for dependents of employees.
If you work while in high school or college, you may also qualify for an employee scholarship.
For more tips on how to find scholarships, check here.
How to get scholarships
Scholarships, especially ones with high awards, can be very competitive. In some cases, you may be competing against thousands of students.
So, how do you increase your chances of winning a scholarship?
First, make sure you meet the eligibility criteria and submit all the information required of you, including recommendation letters, transcripts, and resume.
Second, be sure to distinguish yourself from the other applicants. Your essay, if that’s required, is what makes you unique so let your personality and creativity shine through. How do you do that?
You can achieve that “by showing instead of telling,” according to Sarah Chomette, an eAdviser with the College Advising Corps.
“When answering a creative prompt or inputting your personal statement, it’s important to provide the reader with a story instead of just telling them about your goals and accomplishments,” she said. “That can be kind of boring and it makes you get lost in the crowd.”
A successful essay must include four major components, Chomette explained. First, make sure that you convey your personal values. Second, be open and honest to help the reader feel a connection with you. Third, let the reader know why your story is important. Fourth, your writing must show that you put time and effort into it.
If a scholarship asks for a video or infographic instead of an essay, the same principle applies.
To summarize, always put thought and effort into your whole application and submit your best work. There should be no obvious errors or typos. And if you need to submit a recommendation letter, reflect on who knows you best and whose recommendation would help your application the most.
Should you report outside scholarships to your school?
Any outside scholarship you get is considered an asset and must be reported to the financial aid office of your prospective or current college.
Your college will decide if they want to reduce the scholarship amount from your financial aid, such as need-based grants or loans.
“Say, for example, the school expects you to take out $5,000 in loans to pay for college but you later receive a $5,000 scholarship from an outside source,” said Chomette. “It’s possible to replace those loans with that scholarship so that you’re not taking out loans, you’re just covering this cost with scholarships instead.”
So, once you get an outside scholarship, contact your school’s financial aid office and inquire about whether your scholarship will impact your current financial aid.
Are scholarships taxable?
Typically, scholarships are not taxable. However, it can depend on how the scholarship money is being used, according to federal tax laws.
Scholarship dollars are tax-exempt if they are going to a degree-seeking candidate and are being used to pay for tuition and fees required for enrollment, books, supplies, and other educational expenses.
Scholarships are not tax-exempt, and you must report them as “gross income,” if they are used to pay for room and board, travel, or optional equipment.
If you have additional questions, you should reach out to the financial aid office of your prospective or current college or university.
Here are some of the best scholarships for college.
The RIG Future Academy Scholarship
NACON is accepting applications for The Rig Future Academy Scholarship.
The company will award three $5,000 scholarships this year.
To apply, those interested must write an essay of 300 words or more, or create a 2-minute video and share it on social media, describing how gaming has helped them in academics.
Application Deadline: October 9, 2023
Award: $5,000 each (3 awards)
Eligibility:
- Must be high school seniors and current undergraduate and graduate students in accredited U.S. colleges and universities
- Must reside in the United States
Click here to apply for the RIG Future Academy Scholarship.
The Sean Loring ASN/BSN Student Scholarship

Ingenovis Health is now accepting applications for its Sean Loring ASN/BSN Student Scholarship.
The company will award five scholarships in the amount of $5,000 each.
To apply, interested students must submit an essay of 300 words or more on why they are pursuing a career in nursing.
Application Deadline: November 30, 2023
Award: $5,000 (5 awards)
Eligibility:
- Must be a U.S. citizen or U.S. permanent resident
- Must be at least 18 years old
- Must be enrolled as a full-time undergraduate student in an accredited university or college in the United States
- Must be pursuing an undergraduate degree in nursing (ASN or BSN) and be in their final year of study during the 2023-24 academic year
Click here to apply for the Sean Loring ASN/BSN Student Scholarship.
The Ingenovis Health RN to BSN Student Scholarship

Ingenovis Health is now accepting applications for The Ingenovis Health RN to BSN Student Scholarship.
The company will award five scholarships in the amount of $5,000 each.
To apply, interested students must submit an essay of 300 words or more on why they are pursuing a career in nursing.
Application Deadline: November 30, 2023
Award: $5,000 (5 awards)
Eligibility:
- Must be a U.S. citizen or U.S. permanent resident
- Must be at least 18 years old
- Must be enrolled as a full-time undergraduate student in an accredited university or college in the United States
- Must be pursuing a bachelor’s degree in nursing (RN to BSN) and be in their final year of study during the 2023-24 academic year
Click here to apply for The Ingenovis Health RN to BSN Student Scholarship.
The Ingenovis Health Veteran Nursing Student Scholarship

Ingenovis Health is now accepting applications for The Ingenovis Health Veteran Nursing Student Scholarship.
The company will award five scholarships in the amount of $5,000 each.
To apply, interested students must submit an essay of 300 words or more on why they are pursuing a career in nursing.
Application Deadline: November 30, 2023
Award: $5,000 (5 awards)
Eligibility:
- Must be a U.S. citizen or U.S. permanent resident
- Must be at least 18 years old
- Must be enrolled as a full-time undergraduate or graduate student in an accredited university or college in the United States
- Must be pursuing an associate’s degree in nursing (ASN, ADN or AAS), a bachelor’s degree in nursing (BSN or RN-BSN), or a graduate degree in nursing (MSN or DNP/PhD) and be in their final year of study during the 2023-24 academic year
- Must be a current student veteran (includes members of the National Guard or Reserve) as proven by Form DD-214, or a student on Active Duty as proven by submission of Active Duty orders and a Memorandum of Understanding from their commanding officer indicating that they are currently in good standing with their unit
Click here to apply for The Ingenovis Health Veteran Nursing Student Scholarship.
BRPH Future Achievers Scholarship

BRPH is accepting applications for its BRPH Future Achievers Scholarship.
The company will award four scholarships in the amount of $2,500 each.
To apply, students must write a short essay (maximum of 500 words) on why they are pursuing their chosen career, or how they will impact the world through their contemplated career.
Application Deadline: December 15, 2023
Award: $2,500
Eligibility:
- Must be a college sophomore, junior, senior, or graduate student at an accredited U.S. college or university
- Must be a citizen or lawful permanent resident of the United States
- Must be at least 18 years of age
- Must identify as a minority (Black, Hispanic, Asian American, Pacific Islander, Native American, Alaskan Native etc.)
- Must be enrolled in a civil engineering, electrical engineering, mechanical engineering, structural engineering, architecture or interior design program
- Must be enrolled full-time at an accredited U.S. college or university for the 2023-24 academic year
Click here to apply for the BRPH Future Achievers Scholarship.
The Providence Real Estate Diversity Scholarship
Providence Real Estate is accepting applications for its Providence Real Estate Diversity Scholarship.
The company is looking to award one $5,000 award this year.
To apply, those interested must submit an essay of 500 words or more on why they are interested in a real estate career.
Application Deadline: December 31, 2023
Award: $5,000
Eligibility:
- Must be a high school senior, undergraduate or graduate student in accredited U.S. colleges and universities
- Must identify as Black, Latinx, Asian American, Native American, or Pacific Islander American
- Must reside in the United States
- Must be at least 17 years old
- Must plan to attend a post-secondary institution in the United States in the upcoming academic year when applying
- Must be interested in exploring a career in real estate
According to the eligibility requirements, while residents of Providence Real Estate communities may apply for this scholarship, employees (and/or their dependents) of Providence Real Estate and their affiliates are not eligible for this scholarship.
Click here to apply for the Providence Real Estate Diversity Scholarship.
The WebXd Scholarship
WebXd is currently accepting applications for its WebXd Scholarship.
The company will award $2,500 to the winner.
To apply, students must write an essay of at least 350 words reflecting on a specific instance where a campaign, website, or social media post resonated with them, inspired them, or challenged them to think differently about a particular subject.
Application Deadline: April 30, 2024
Award: $2,500
Eligibility:
- Must be a high school senior or high school graduate who will be enrolled, or a current undergraduate or graduate student enrolled, full-time at an accredited U.S. college or university for the 2024-25 academic year
- Must reside in the United States
Click here to apply for the WebXd Scholarship.
Good Life’s Community Scholarship
Good LIfe Property Management is currently accepting applications for its Good Life’s Community Scholarship.
The company will award $2,500 to the winner.
To apply, students must write an essay of at least 350 words on any one of five given prompts, all of which are centered around their community. Students can write about what community means to them, the lessons they’ve learned from being part of a community, how their community helped them overcome a challenge, how they discovered community through a team or part-time job they were involved with, or how they have contributed to a community through volunteerism.
Application Deadline: May 1, 2024
Award: $2,500
Eligibility:
- Must be a high school senior or high school graduate who will be enrolled, or a current undergraduate or graduate student enrolled, full-time at an accredited U.S. college or university for the 2024-25 academic year
- Must reside in the United States
Click here to apply for Good Life’s Community Scholarship.
Evans Scholarship
Amount: Full tuition and housing. About: Offered by the Western Golf Association Evans Scholars Foundation,…
Gloria Barron Wilderness Society Scholarship
Amount: $15,000. About: Each year, the Gloria Barron Wilderness Society Scholarship is awarded to a…
Garden Club of America’s Coastal Wetland Studies Award
Amount: $5,000. About: The Garden Club of America’s Coastal Wetland Studies Award is an annual…
Vectorworks Design Scholarship
Amount: $3,000 (Round 1), $7,000 (Round 2). About: Vectorworks, a company that produces 3D design…
VFW ‘Sport Clips Help A Hero Scholarship’
Amount: Up to $5,000. About: Offered by Student Veteran of America and Sport Clips Haircuts,…
VFW Voice of Democracy Program
Amount: $30,000. About: Each year, the Veteran of Foreign Wars (VFW) runs its Voice of…
VFW Scout of the Year Scholarship
Amount: $1,000-$5,000. About: The Veteran of Foreign Wars offers the Scout of the Year Scholarship…
Costa Rican Vacations Scholarship Program
Amount: $1,000. About: Costa Rica tourism company Costa Rican Vacations offers an annual scholarship for…
George J. Mitchell Scholarship
Amount: Full tuition, Housing + Stipend (currently, USD 1,250 per month for up to 12…
USDA 1890 National Scholars Program
Amount: Full tuition, room and board. About: The USDA 1890 National Scholars Program is a…
Fry Scholarship
Amount: Full tuition, housing, books and supplies. About: The Marine Gunnery Sergeant John David Fry…
Otto M. Stanfield Law Scholarship
Amount: Varies. About: The Otto M. Stanfield Law Scholarship is an award for Unitarian Universalist…
AFSCME/UNCF Union Plus Scholars Program
Amount: $500-$4,000. About: The American Federation of State, County and Municipal Employees (AFSCME), the largest…
UCT Heaston Scholarship
Amount: Up to $6,000 per year (renewable for 4 years). About: Each year, United Commercial…
Udall Undergraduate Scholarship
Amount: Up to $7,000. About: Established by the U.S. Congress in 1992, the Udall Foundation…
Two Ten Footwear Design Scholarship
Amount: $4,000-$5,000 (renewable for 3 years). About: The Two Ten Footwear Design Scholarship is a…
Harry S. Truman Scholarship Program
Amount: $30,000. About: The Harry S. Truman Scholarship Program annually provides generous scholarships to third-year…
NIH Undergraduate Scholarship Program
Amount: $20,000. About: The National Institute of Health (NIH) provides undergraduate scholarships to students from…
Tri Delta Foundation Graduate Scholarship
Amount: $1,000-$5,000. About: Each year, the Tri Delta Sorority awards scholarships to its graduate student…
Tri Delta Foundation Undergraduate Scholarship
Amount: $1,000-$7,500. About: Each year, the Tri Delta Sorority awards scholarships to its undergraduate student…
Family Fellowship Scholarship Program
Amount: Up to $12,000 per year (for up to 5 years). About: Offered by nonprofit…
Tombow’s Create Your Best Work Art Scholarship
Amount: $5,000. About: Tombow, a Japanese stationery company, offers a scholarship for graduating high school…
Tobener Ravenscroft Student Scholarship
Amount: $1,000. About: Tobener Ravenscroft LLP offers annual scholarships to students interested in social justice….
AICPA John L. Carey Scholarship
Amount: $5,000. About: Offered by the American Institute of Certified Public Accountants (AICPA), the John…
Featured Scholarships
The Andy Miller Georgia Tech Scholarship
About BRPH BRPH, an architectural and engineering firm, has established The Andy Miller Georgia Tech Scholarship…
BRPH Future Achievers Scholarship
About BRPH BRPH is a technically focused, creative architecture, engineering and construction company with six…
The Ingenovis Health Graduate Nursing Student Scholarship
About Ingenovis Health Ingenovis Health is a family of forward-thinking healthcare companies with established expertise…
The Ingenovis Health RN to BSN Student Scholarship
About Ingenovis Health Ingenovis Health is a family of forward-thinking healthcare companies with established expertise…
The Sean Loring ASN/BSN Student Scholarship
About Ingenovis Health Ingenovis Health is a family of forward-thinking healthcare companies with established expertise…
The Ingenovis Health Veteran Nursing Student Scholarship
About Ingenovis Health Ingenovis Health is a family of forward-thinking healthcare companies with established expertise…
The Hyundai Women in STEM Scholarship
About Hyundai Hyundai exists to make a richer journey possible for all by investing in…
Fiverr Logo Maker Scholarship
Amount: $5,000 (2 awards). About: The Fiverr Logo Maker Scholarship, which has three rounds of…