5 Must-Have Scholarships for College Students in 2023

College is an expensive undertaking. With tuition costs rising and student loan debt at an all-time high, it’s no wonder that students are looking for ways to reduce the cost of college. One way to do that is by applying for scholarships.

Scholarships are a great way to help pay for college without having to take on additional debt. While there are many scholarships available, there are some that stand out as must-haves for college students in 2023. Here are five must-have scholarships for college students in 2023.

1. Federal Pell Grant

The Federal Pell Grant is a must-have for college students looking to reduce their tuition costs. The Pell Grant is awarded based on financial need and can help pay for tuition, fees, and other educational costs.

The amount of the Pell Grant is determined by a student’s Expected Family Contribution (EFC). The EFC is the amount of money that a student and their family are expected to contribute to their college education. The higher the EFC, the lower the Pell Grant award.

2. Federal Supplemental Educational Opportunity Grant (FSEOG)

The Federal Supplemental Educational Opportunity Grant (FSEOG) is another must-have for college students in 2023. The FSEOG is a need-based grant that is awarded to students with the greatest financial need.

Unlike the Pell Grant, the FSEOG does not have an EFC requirement. However, students must still demonstrate financial need to be eligible for the award. The amount of the FSEOG award varies, but can be up to $4,000 per year.

3. Academic Competitiveness Grant (ACG)

The Academic Competitiveness Grant (ACG) is a great option for college students who have excelled academically. The ACG is awarded to students who have completed a rigorous high school program and have scored well on standardized tests.

The amount of the ACG award varies, but can be up to $750 per year. Students must maintain a 3.0 grade point average to continue to receive the ACG.

4. SMART Grant

The SMART Grant is a great way for college students to help pay for their tuition costs. The SMART Grant is awarded to students who are majoring in science, technology, engineering, or mathematics (STEM) fields.

The amount of the SMART Grant varies, but can be up to $4,000 per year. Students must maintain a 3.0 grade point average to continue to receive the SMART Grant.

5. TEACH Grant

The TEACH Grant is designed to help students who are planning to pursue a career in teaching. The TEACH Grant is awarded to students who are enrolled in a teacher education program and agree to teach in a high-need field for at least four years.

The amount of the TEACH Grant varies, but can be up to $4,000 per year. Students must maintain a 3.0 grade point average to continue to receive the TEACH Grant.

These five scholarships are must-haves for college students in 2023. Applying for scholarships can help reduce the cost of college and can be a great way to help pay for tuition costs. Be sure to research all of your options and apply for as many scholarships as possible. Good luck!