GITNUX MARKETDATA REPORT 2024

Scholarship Statistics: Market Report & Data

Statistic 1

"About 60% of the families believe their students will receive scholarships, but only 15% actually do."

Sources Icon

Statistic 2

"Almost $100 million in unclaimed scholarships go unused each year."

Sources Icon

Statistic 3

"44% of families used scholarships for college in the past year."

Sources Icon

Statistic 4

"The odds of winning a scholarship is about 1 in 8."

Sources Icon

Statistic 5

"Only about 1 in 8 college students in the U.S. receives a federal scholarship based on financial need."

Sources Icon

Statistic 6

"70% of students apply for scholarships, but less than 10% get them."

Sources Icon

Statistic 7

"More than 1,500 schools use the Common Scholarship Application."

Sources Icon

Statistic 8

"ACT and SAT scores can affect scholarship eligibility; high scorers often receive more funding."

Sources Icon

Statistic 9

"Approximately $46 billion in scholarship money is awarded by the U.S. Department of Education and other federal agencies each year."

Sources Icon

Statistic 10

"Scholarships can cover full tuition, partial tuition, or other expenses like books and supplies."

Sources Icon

Statistic 11

"African-American students are awarded more than $3 billion in scholarships each year."

Sources Icon

Statistic 12

"Many scholarships require a minimum GPA, typically ranging from 2.5 to 4.0."

Sources Icon

Statistic 13

"NCAA offers scholarships for student-athletes, and about 2% of high school athletes are awarded an NCAA scholarship."

Sources Icon

Statistic 14

"Over 1.7 million private scholarships are available to students every year."

Sources Icon

Statistic 15

"The average amount of a scholarship or grant awarded to a student is approximately $7,400."

Sources Icon

Statistic 16

"Community service experience can increase chances of getting a scholarship."

Sources Icon

Statistic 17

"Approximately 33% of scholarship money comes from the college administration itself."

Sources Icon

Statistic 18

"Women make up 58% of all scholarship recipients."

Sources Icon

Statistic 19

"Merit-based scholarships consider academic achievement, athletic ability, or other talents."

Sources Icon

Statistic 20

"Roughly 25% of scholarship providers consider financial need in their award criteria."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!