Thousands of different scholarships are available from a variety of sources. Merit-based scholarships are typically given to students with high GPAs or an extensive record of community service. Other scholarships may be allotted to certain groups of people, including women or minority students. There are also scholarship options for students who demonstrate financial need. Nonprofits and organizations that support the African American community, some colleges and universities, and even some major employers offer scholarships exclusively for African Americans and minorities. The State of Georgia offers scholarships to Georgia residents.
A scholarship is a monetary gift for students to use for funding their postsecondary education. Scholarships do not need to be paid back, making them a desirable alternative to student loans. Scholarships may be used to pay for education-related costs including tuition, books, and other course materials. Some scholarships may also be used to cover food, room-and-board, laundry, and day-to-day expenses.