Demystifying Scholarships (and Helping Families Read the Fine Print)

Scholarships can be a game-changer for students and families navigating the often-daunting cost of college. They provide opportunities to reduce financial stress, open doors to new experiences, and honor student achievements. Yet scholarships can also be confusing, with terms, conditions, and fine print that are easy to misinterpret. With guidance and discernment, families can approach this process with confidence and clarity.

Understanding the Two Main Types of Scholarships

At their core, scholarships generally fall into two categories:

• Merit-based scholarships, awarded for academic excellence, athletic ability, artistic talent, or other achievements. These scholarships reward students for their gifts and hard work. While many of us Christians willingly serve others without an expectation of being repaid, they can help recognize students for their efforts. As Scripture reminds us, “Each of you should use whatever gift you have received to serve others” (1 Peter 4:10). Merit scholarships recognize these gifts and encourage students to develop them further.

• Need-based scholarships, tied to family financial circumstances. These scholarships help ensure that higher education is accessible, reflecting the biblical principle of caring for those with limited resources.

  
  

Reading the Fine Print

Many families are surprised to learn that a “$20,000 scholarship” does not always equate to $20,000 in cash. Often, this figure refers to a reduction in tuition rather than a direct payout. That’s why it is essential for families to ask detailed questions, such as:

• Is the scholarship renewable each year?

• What GPA or other requirements must be maintained to keep it?

• Does it cover room and board, or just tuition?

• Can this scholarship be stacked onto other scholarship offers?

  
  

Careful review ensures that families understand how the scholarship affects the bottom line, avoids surprises, and allows students to make the most of these opportunities.

Practical Tips for Navigating Scholarships

Schools and counselors can play an important role in demystifying scholarships for families. Hosting scholarship information nights, sharing clear visual guides, and providing one-on-one guidance can empower students to navigate these options with wisdom and confidence.

Balancing Effort and Trust

Just as students are called to work hard in academics, athletics, or the arts to qualify for merit scholarships, they should also trust God with the outcomes. Diligent effort paired with faith in God’s provision ensures that families and students can pursue opportunities without becoming consumed by worry or comparison. Whether it’s understanding the fine print, applying for multiple scholarships, or considering creative ways to fund college, Christians are reminded to act with diligence and leave the results in God’s hands. Consider other options such as working on campus, pursuing departmental scholarships after becoming a student, or pursue paid research opportunities on campus. Although God may not provide through the obvious avenue of scholarships, there are other ways He can provide if you are trusting and faithful to Him.

Conclusion

Scholarships are more than financial tools—they are opportunities to steward God-given talents and resources wisely. By understanding the types of scholarships, reading the fine print, asking thoughtful questions, and seeking guidance from counselors and mentors, families can make decisions that honor God and support their student’s future. With diligence, discernment, and trust in God’s provision, navigating the scholarship process can become a meaningful step in preparing for college and beyond.