How Rare Is It To Get A Scholarship?
Scholarships are a great way to help pay for college, but they can be hard to come by. It’s important to understand how rare it is to get a scholarship and what your chances are of receiving one.
According to the National Center for Education Statistics, only 7% of students are likely to receive a scholarship. That means 93% of students will not receive a scholarship. Of the 7% of students who do receive a scholarship, only 1.5% will receive a full scholarship. That means the majority of students who receive a scholarship will only receive a partial scholarship.
In addition, the amount of money awarded in scholarships is limited. For the 2019-2020 school year, $8.8 billion was awarded in need-based scholarships. That’s a lot of money, but it’s spread out among millions of students.
The odds of getting a scholarship also vary by race. White students have a 14.2% chance of getting a scholarship, while minority students have 11.2%. This is due to the fact that minority students are more likely to come from lower-income households and have fewer resources to apply for scholarships.
It’s important to remember that getting a scholarship is not impossible. With hard work and dedication, you can increase your chances of getting a scholarship. You should research scholarships that you are eligible for and apply for as many as you can. You should also reach out to your school’s financial aid office for advice on how to increase your chances of getting a scholarship.
In conclusion, getting a scholarship is not easy, but it is possible. With hard work and dedication, you can increase your chances of getting a scholarship. Remember to research scholarships that you are eligible for and apply for as many as you can. Good luck!