For colleges and universities, scholarships are financial aid awards designed to help students pay for an undergraduate degree. Sometimes a scholarship is a one-time check. Other school scholarships are renewable and provide money for students each semester or school year. These awards differ from student loans in that they don’t have to be repaid.
Students might receive the money directly as a check in their name. In other cases, the money is given to the student’s school. In these cases, the student would then pay the school for the difference on any money owed for tuition, fees, room and board. If the scholarships and other forms of financial aid are enough to cover the direct college costs, the excess money is refunded to the student.
Scholarships come from a variety of different sources, including clubs, organizations, charities, foundations, businesses, colleges and universities, the government and individuals. Colleges and universities offer financial assistance in the form of merit aid as well, so don’t forget to contact the schools you are considering to see if you qualify for any merit aid.
MoneyKey offers a range of personal financial products including Installment Loans, Lines of Credit and Payday Loans via a safe and secure online platform. We also offer credit services for unaffiliated third-party lenders in certain states. MoneyKey is a member of the Online Lender’s Alliance (OLA and only provides services in states where they have authority to operate as an online direct lender (state licensed lender), credit services organization (CSO) or credit access business (CAB).
The Key Thinkers Scholarship awards academically qualified students with a $1,000 USD Scholarship to one (1) eligible recipient twice a year (coinciding with the application and academic term schedule below). There will be a total of two (2) Recipients of the Scholarship per academic year. The sponsor (MoneyKey) offers the Scholarship to post-secondary students who demonstrate outstanding academic achievement. This is an opportunity for students to be a voice in the growing conversation about financial responsibility.
To be eligible for the Scholarship, the student applying must:
- Be at least 18 years of age.
- Be a US citizen or Permanent Resident.
- Be enrolled as a full-time student at a post-secondary institution, including an accredited college, university, or trade school, in the United States.
- Possess a cumulative GPA of at least 3.0 (note: incoming post-secondary students are eligible).
Key Thinkers Scholarship applicants shall submit an essay responding to the following question:
What does financial responsibility mean to you and what steps should students take to plan their budget?
- The essay must be in English.
- The essay must be a minimum of 500 words and a maximum of 750 words.
- The essay content must be original and not infringe on any third-party rights, including but not limited to, copyright or trademarks.
- The essay submission must not contain any foul or hateful language.
Here are all the details for the Key Thinkers Scholarship:
- $1000 award
- Offered twice a year
- Open to full-time students at a post-secondary institution (An accredited college, university, or trade school, in the United States.)
- College-bound high school seniors may also apply
- Students must be at least 18
- G.P.A. requirement is 3.0 and above
- Open to students in all majors
- NO financial need requirement
- NO letters of recommendation required
- Deadlines: March 31 and September 30
- Essay Prompt (500 to 750 words)
Conclusion
This academic scholarship offered by MoneyKey.com is a great opportunity for full-time college students and college-bound high school seniors. Many people assume that once students are in college they can no longer find and win scholarships. That is totally NOT TRUE and this academic scholarship is just one example of the many awards available to students once they graduate from high school and go on to college.
It is not IF students apply, but HOW they apply for a scholarship that makes a tremendous difference in how many awards they win.