A scholarship is a financial grant for students who qualify for them to decrease the cost of college. The point of a scholarship is to reward and help a student pursue their dreams by providing financial support for their education, but to get these scholarships a student needs to qualify for them. 

Scholarships have many requirements and standards for a student to meet, such as GPA. Grades have a big part in deciding if someone is qualified for a scholarship.

Need-based scholarships also depend on how much money your parents make, because if your family doesn’t make a lot of money but you do well in school, a scholarship can remove financial barriers in pursuing your education.

Career paths can have a massive impact on the scholarships available for colleges, especially for certain careers. Scholarships could be academic, athletic, or based on a particular field of study.

Scholarship money comes from many different places. Funding comes from people who want to donate, or the universities themselves, or organizations. But government programs are the biggest part of it, where funds are set aside to specifically help students pursue their education.

Some of the scholarships students apply for here in New Mexico include the New Mexico Legislative Lottery Scholarship and the New Mexico Scholar Program. These scholarships aim to support students in pursuing their education in the state of New Mexico.