Merit-based scholarships are awarded based on academic or professional achievements, such as high GPAs, impressive resumes, or leadership roles. These scholarships are often highly competitive, and applicants must demonstrate exceptional qualifications to be considered.
Need-based scholarships are awarded to students who can demonstrate financial need. These scholarships may take into account factors such as family income, cost of living in the student’s area, and other financial obligations. Need-based scholarships can be especially beneficial for students who are supporting families or who are otherwise financially disadvantaged.
Diversity scholarships are awarded to students from underrepresented groups, including minorities, women, and LGBTQ+ individuals. These scholarships aim to promote diversity and inclusion in the business world and offer opportunities for students who may face barriers to success in their education or careers.