What is a Micro-Scholarship?
A micro-scholarship is an amount of money that students are eligible to earn based on individual achievements throughout 9th-12th grade, community college, or college (for college students looking to transfer to another 4 year institution). They are awarded by colleges and universities who partner with RaiseMe, and each college or university creates their own micro-scholarship program. The amount earned via RaiseMe represents the minimum amount of institutional aid that the college will award you if you are accepted and enroll in their school.
Colleges decide what achievements they want to award and how much they will award to students who meet their eligibility requirements (which can be found on their College page). For example, one college might offer $50 for an A in Algebra, another might offer $300, and so on.
Does the scholarship money come from RaiseMe?
No - micro-scholarship dollars are awarded by the college partner. All eligibility requirements and deadlines must be met in order for the dollars to be awarded, and they are awarded in the financial aid package before the student's freshman year begins or before the student transfers.
How many micro-scholarships are earned with each achievement?
Each college can choose which achievements to award money for, and how much. For example, if you get an A in an English class, one college might award $500, another could award $1,000, and another, $50 - all for the same grade.
Can I earn from colleges at the same time?
Yes, you can earn from multiple colleges at once by Following all the ones you're interested in. However, you'll only receive the scholarship funds from a school if you are accepted and attend that college.
What's the largest amount I can earn?
Colleges can set maximums on earnings for students via RaiseMe. It could be $5,000 at one college, and $50,000 at another college.
If I earn micro-scholarships, can I still earn additional financial aid from that college?
Of course! RaiseMe automatically submits your Portfolio to colleges you're Following on their earning deadlines, assuming your profile is complete (See: Eligibility Requirements).
The amount you earn on RaiseMe is the minimum amount that the college will award you if you enroll in their school. However, the college can always decide to award you more scholarships based on merit or need once they see your application for admission.
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