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Updated: Jul 10, 2022

What is a Scholarship?

Scholarships are financial aid awards to help students pay for an undergraduate degree. Sometimes a scholarship is a one-time check. Other times, they are renewable and provide money for students each semester or school year. Scholarships are based on academic achievement (merit based) and financial need (needs based).

If you are a college student, a high school student planning to attend college, or a parent of either one, odds are that you might be worried about how you will pay for school. That is the number one concern especially for parents considering tuition is rising faster and face countless amounts of rejection. Don’t let that get you down. Seek constructive criticism as to why you got rejected. Know what you need to improve on for next time around.

Here are some startling statistics: (

  • Only 7% of college students will receive a scholarship.

  • The Department of Education awards an estimated $46 billion in scholarship money annually.

  • The average scholarship is worth $7,400.

  • On average, first time undergraduates who receive government grants and scholarships at a 4-year college receive about $13,690 annually

Start searching for scholarships now. Be aware of scholarships that require a fee for you to apply. Let BestFit College Advisors help you show demonstrated interest when applying for scholarships through your community service work, leadership roles, work experience, and internships. Call Cheryl at (207) 229-8603 or check out our website at

With inflation rising up to 8.5% on everything, we need to find opportunities to cut costs at any level. Let BestFit College Advisors effectively guide you through the scholarship process with minimal stress and a detailed plan.

A common misconception is that students believe they will not qualify for scholarships because they don’t have a 4.0 GPA or varsity letters in major sports. This assumption couldn’t be further from the truth. Thousands of scholarships are available to “regular” students with “regular” accomplishments not just for “superstars”. Reach out so we can help you navigate through the multiple scholarship opportunties and set timelines.

Did you know state level scholarships have less competition allowing you a greater chance of winning more scholarships? Apply for as many as you can. Let BFCA help you!



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