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Writer's pictureThe Teen Trillionaire

Importance of Scholarships



What are Scholarships:


A scholarship is money awarded to students based on outstanding academic achievements, and/or because they have met all requirements set out by the scholarship sponsor.


How Can You Benefit From Scholarship Funds:


Scholarships help to lessen the impact of rising tuition costs. Tuition is on the rise nationwide and scholarships give access to higher education for students of all income levels. Students that win scholarships may access extensive support from sponsors. Scholarships can also help you network and give your resume a boost.


Scholarships List:


Below are some examples of scholarships that you can apply to for college.


The Blacks at Microsoft Scholarships allows two winners to receive $5,000 each and is renewable for up to 4 years. The prerequisites are as follows: must be of African descent, have a 3.3 GPA; in financial need, be involved in leadership at school or in the community, and plan to pursue a bachelor’s degree in engineering, computer science, computer information systems, or select business programs (such as finance, business administration, or marketing). Applications must complete the application, write two essays, have two letters of recommendation, have a high school transcript, a resume, and a picture of themselves. 12th graders planning to attend a 4-year college are eligible for this scholarship.


Generation Google Scholarship allows multiple winners to receive $10,000 each. Applicants must intend to study computer science or a closely related field, are in an underrepresented group in computer science (e.g. African American, Hispanic, American Indian, Filipino/Native Hawaiian/Pacific Islander, female, a person with a disability), have a strong academic record, exemplify leadership, and demonstrate a passion for computer science and technology. An application, resume, transcript, letter of recommendation from a STEM teacher, and multiple short answers are required. High school seniors planning to attend a four-year college are eligible.



Life Lessons Scholarship Program gives multiple winners scholarships ranging from between $5,000 and $15,000. Applicants must have experienced the death of a parent or legal guardian and submit an application ( essay or three-minute video). This scholarship is for high school seniors intending to go to college.



New York Times College Scholarship Program allows multiple winners to receive $15,000 annually for up to three years, mentoring, and a summer internship at The New York Times. Applicants have to live in the five boroughs of New York City, have a high-achieving academic record, and be in financial need. Application requirements include a high school transcript, test scores, an essay, a list of activities and achievements, and family information. 12th graders planning to attend college are eligible for this scholarship.


Foot Locker Scholar Athletes gives away $20,000 each to 20 winners. Applicants must be student-athletes involved in a team sport, intramurals, martial arts, etc.; have a 3.0 GPA; have good sportsmanship, good character, and academic excellence. The application process includes an interview for eligible applicants. You must be a high school senior planning to attend college.


Written by Anna Li


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