Because full scholarships are so good, you probably won't be surprised to find that they are quite rare. In fact, fewer than 20,000 students per year earn full scholarships, less than 1% of first-year college students who enter each year. The odds of receiving a full private scholarship are even more remote. According to Kantrowitz, there are fewer than 250 private scholarships in this country that provide enough money to cover all college costs.
Fewer than 1 percent of students get full scholarships, which shows how difficult it is to get one. However, with the right background, the right planning, and knowing where to look, your chances of getting a full scholarship can increase. Getting a full scholarship isn't easy. They are quite rare and, as expected, they are highly competitive.
But the idea that you can graduate without any debt can be tremendously empowering. You don't have to worry about monthly payments or curbing your lifestyle or any of those other loan-related stressors. There's nothing better than that. Sadly, there simply aren't too many of these dream scholarships in circulation.
Full scholarships are rare and those that are available are very competitive. However, that doesn't mean you shouldn't apply for them; read on to find out how to increase your chances of receiving one of these prestigious scholarships. Since full scholarships are so rare, I have also included scholarships that are not full scholarships, but that have a prize amount high enough that they can easily cover tuition and fees at many universities.