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Published on March 13, 2024
If you’re a family that won’t qualify for need-based aid, it’s time to start looking for merit scholarships.
Merit-based aid is money colleges award that is not based on any financial need.
These scholarships are usually awarded based on academic performance and sometimes based on special talents in athletics, sports, the arts, and more.
[What’s The Difference Between Need and Merit-Based Financial Aid]
If a school determines your family does not have a financial need (even though you may not agree), your student can still be awarded merit aid.
Not all colleges award merit aid, so it’s important to know which schools do award merit-based scholarships to a large percentage of their freshmen class.
[Review Strategies For Getting Niche And Local Scholarships]
We used our database of colleges and ranked them by the percentage of students without financial need who received merit-based scholarships.
Our data is based on the latest IPEDs data and publicly available Common Data Set files that colleges publish on their websites.
Data on merit scholarships primarily comes from information in a college’s Common Data Set.
Unfortunately, not all colleges make this information public, so our college list may not be completely inclusive of all the appropriate schools.
But for the purpose of giving a glimpse into the colleges that award merit scholarships to the greatest percentage of students, this is a good start.
In addition to looking at what percent of students without need receive merit aid, average size of merit aid, and total price is also included.
It’s important to remember that just because a college offers merit aid to a large percentage of freshmen, doesn’t mean the amount they offer is significant enough compared to the total cost of the college.
In addition, it’s important to consider graduation rates. Most schools only offer merit aid for four years, so graduating in five years or longer can add significant expense.
[Check out How To Use Data To Find Merit Scholarships]
| Name | State | % Freshmen W/out Need Receiving Merit Aid | Avg Merit Award | Cost of Attendance ('22-'23) |
|---|---|---|---|---|
| Beloit College | WI | 99 | $41,660 | $67,172 |
| Albion College | MI | 100 | $39,697 | $67,796 |
| Susquehanna University | PA | 98 | $36,317 | $70,600 |
| Kalamazoo College | MI | 96 | $36,009 | $68,166 |
| Clarkson University | NY | 100 | $35,794 | $76,666 |
| Washington & Jefferson College | PA | 100 | $34,857 | $45,515 |
| The College of Wooster | OH | 98 | $33,902 | $73,550 |
| Washington College | MD | 100 | $33,834 | $67,960 |
| Ursinus College | PA | 97 | $33,247 | $74,240 |
| Coe College | IA | 98 | $33,182 | $63,562 |
| Simpson College | IA | 100 | $32,534 | $55,394 |
| Lebannon Valley College | PA | 98 | $32,257 | $60,460 |
| Centre College | KY | 98 | $32,217 | $60,370 |
| St. Catherine University | MN | 96 | $32,101 | $58,764 |
| Wabash College | IN | 100 | $31,853 | $61,500 |
| Lawrence University | WI | 99 | $31,503 | $66,987 |
| Widener University | PA | 97 | $31,300 | $68,148 |
| Agnes Scott College | GA | 100 | $31,127 | $61,195 |
| Cornell College | IA | 99 | $30,950 | $61,168 |
| Ohio Wesleyan University | OH | 99 | $30,854 | $69,443 |
Data is from the 2022-2023 Common Data Sets. Percentages that are over 100% may come from mistakes in information that is self-reported by colleges.
We have shared the top 20 colleges offering the most generous merit aid. However, there are over 340 colleges and universities offering 95% or more of their students without financial need merit aid. If you’re looking for colleges that will be generous to YOUR student, we recommend you check out our R2C Insights tool and sign up for a free account.
It will provide you with a list of schools that will be most generous with their money based on your child’s stats and preferences.
All the information is in one place, so you don’t have to hop from college website to college website in order to find what you’re looking for.
| College | College Total to Our Members | # of Offers to Our Members | Avg Offer |
|---|---|---|---|
| Susquehanna University | $1,243,000 | 32 | $38,844 |
| Loyola University Chicago | $1,136,499 | 45 | $25,256 |
| University of Alabama | $1,036,662 | 54 | $19,197 |
| University of Vermont | $1,004,500 | 57 | $17,623 |
| Fordham University | $990,670 | 48 | $20,639 |
| Quinnipiac University | $971,750 | 39 | $24,917 |
| Seton Hall University | $907,000 | 44 | $20,614 |
| University of Scranton | $891,034 | 35 | $25,458 |
| Fairfield University | $861,850 | 40 | $21,546 |
| University of Arizona | $855,500 | 39 | $21,936 |
| Wheaton College | $844,400 | 22 | $38,382 |
| University of Hartford | $829,000 | 30 | 27,633 |
| Hofstra University | $771,000 | 24 | $32,125 |
| Loyola University Maryland | $769,500 | 23 | $33,457 |
| Drexel University | $768,100 | 37 | $20,759 |
| Miami University Oxford | $767,500 | 51 | $15,049 |
| Rennselaer Polytechnic Institute | $689,150 | 23 | $29,963 |
| Duquesne University | $683,506 | 30 | $22,784 |
| Marquette University | $620,500 | 24 | $25,854 |
| Worcester Polytechnic University | $605,750 | 27 | $22,435 |
| Saint Joseph's University | $605,500 | 25 | $24,220 |
| DePaul University | $584,000 | 26 | $22,462 |
| Michigan State University | $576,000 | 44 | $13,091 |
| University of Denver | $546,000 | 18 | $30,333 |
| University of South Carolina-Columbia | $536,946 | 49 | $10,958 |
| Ithaca College | $534,000 | 24 | $22,250 |
| Case Western Reserve University | $529,000 | 20 | $26,450 |
| Xavier University | $526,000 | 22 | $23,909 |
| University of Dayton | $517,000 | 23 | $22,478 |
| Rose-Hulman Institute of Technology | $503,000 | 18 | $27,944 |
| Clark University | $495,500 | 19 | $26,079 |
| Wentworth Institute of Technology | $474,000 | 21 | $22,571 |
| Gettysburg College | $452,850 | 9 | $50,317 |
| Western New England University | $434,412 | 13 | $33,416 |
| Saint Louis University | $426,000 | 13 | $32,769 |
| Widener University | $408,000 | 12 | $34,000 |
| Trinity University | $393,000 | 13 | $30,231 |
| Merrimack College | $389,900 | 14 | $27,850 |
| Ursinus College | $383,000 | 12 | $31,917 |
| University of New Haven | $371,000 | 15 | $24,733 |
| Muhlenberg College | $367,000 | 13 | $28,231 |
| Marist College | $355,000 | 26 | $13,654 |
| Knox College | $352,000 | 8 | $44,000 |
| Furman University | $349,000 | 11 | $31,727 |
| St. John's University-New York | $343,500 | 13 | $26,423 |
| Siena College | $343,500 | 15 | $22,900 |
| Juniata College | $343,000 | 9 | $38,111 |
| Stonehill College | $338,000 | 10 | $33,800 |
| Tulane University | $332,000 | 22 | $15,091 |
| Butler University | $327,000 | 14 | $23,357 |
| Arcadia University | $324,000 | 13 | $24,923 |
| College of Wooster | $323,000 | 10 | $32,300 |
| University of Maine | $322,019 | 23 | $14,001 |
| University of Rhode Island | $321,000 | 31 | $10,355 |
| Willamette University | $313,000 | 10 | $31,300 |
| Catholic University of America | $312,500 | 10 | $31,250 |
| University of Tulsa | $306,538 | 8 | $38,317 |
| Goucher College | $306,000 | 8 | $38,250 |
| Indiana University-Bloomington | $301,000 | 42 | $7,167 |
| Santa Clara University | $294,400 | 19 | $15,495 |
| College | Merit Aid Offers to Members Under $30K SAI | # of Offers | Avg Offer |
|---|---|---|---|
| Susquehanna University | $337,000 | 10 | $33,700 |
| University of Arizona | $313,500 | 14 | $23,393 |
| University of Scranton | $261,000 | 10 | $26,100 |
| Seton Hall University | $243,000 | 12 | $20,250 |
| Quinnipiac University | $229,750 | 8 | $28,719 |
| Hofstra University | $228,000 | 8 | $28,500 |
| Wheaton College | $221,000 | 6 | $36,900 |
| University of Alabama | $197,362 | 10 | $19,736 |
| Xavier University | $193,000 | 8 | $24,125 |
| University of Vermont | $184,000 | 12 | $15,333 |
| University of Hartford | $172,000 | 7 | $24,571 |
| University of Dayton | $167,000 | 8 | $20,875 |
| Miami University-Oxford | $165,000 | 11 | $15,000 |
| Ithaca College | $164,000 | 6 | $27,333 |
| Western New England University | $162,500 | 5 | $32,500 |
| Hobart and William Smith Colleges | $160,500 | 4 | $40,125 |
| Rensselaer Polytechnic Institute | $158,000 | 5 | $31,600 |
| Loyola University Maryland | $155,000 | 5 | $31,000 |
| Merrimack College | $154,000 | 5 | $30,800 |
| Stonehill College | $144,000 | 4 | $36,000 |
| College | Merit Aid Offers to Members From $30K-60K SAI | # of Offers | Avg Offer |
|---|---|---|---|
| Susquehanna University | $692,000 | 17 | $40,706 |
| University of Hartford | $404,000 | 13 | $31,077 |
| Loyola University Chicago | $372,999 | 16 | $23,312 |
| University of Alabama | $352,400 | 20 | $17,620 |
| Fordham University | $341,335 | 14 | $24,381 |
| Saint Joseph's University | $324,500 | 12 | $27,042 |
| Seton Hall University | $300,500 | 15 | $20,033 |
| University of Scranton | $297,534 | 11 | $27,049 |
| University of Vermont | $280,000 | 18 | $15,556 |
| Loyola University Maryland | $270,500 | 8 | $33,813 |
| DePaul University | $262,000 | 12 | $21,833 |
| Duquesne University | $261,000 | 13 | $20,077 |
| Hofstra University | $257,000 | 8 | $32,125 |
| Drake University | $242,200 | 11 | $26,911 |
| Miami University-Oxford | $238,000 | 15 | $15,867 |
| Saint Louis University | $229,000 | 6 | $38,167 |
| Marquette University | $213,000 | 9 | $23,667 |
| Michigan State University | $211,250 | 14 | $15,089 |
| Widener University | $211,000 | 7 | $30,143 |
| Fairfield University | $210,000 | 10 | $21,000 |
| College | Merit Aid Offers to Members Above $60K SAI | # of Offers | Avg Offer |
|---|---|---|---|
| Fordham University | $628,335 | 29 | $21,667 |
| Fairfield University | $595,500 | 27 | $22,056 |
| University of Vermont | $540,500 | 27 | $20,019 |
| Loyola University Chicago | $525,500 | 22 | $23,886 |
| Quinnipiac University | $496,000 | 20 | $24,800 |
| Rensselaer Polytechnic Institute | $489,650 | 14 | $34,975 |
| University of Alabama | $486,900 | 24 | $20,288 |
| Wheaton College | $470,000 | 12 | $39,167 |
| Drexel University | $424,800 | 25 | $17,712 |
| Seton Hall University | $387,500 | 18 | $21,528 |
| Miami University-Oxford | $364,500 | 25 | $14,580 |
| Loyola University Maryland | $344,000 | 10 | $34,400 |
| University of Arizona | $337,000 | 16 | $21,063 |
| Gettysburg College | $335,850 | 8 | $41,981 |
| University of Scranton | $332,500 | 14 | $23,750 |
| Ithaca College | $328,500 | 14 | $23,464 |
| Duquesne University | $316,506 | 12 | $26,376 |
| Rose-Hulman Institute of Technology | $313,000 | 11 | $28,455 |
| Worcester Polytechnic Institute | $300,000 | 12 | $25,000 |
| Clark University | $296,500 | 11 | $26,955 |
Use our R2C Insights Tool to help find merit aid and schools that fit the criteria most important to your student. You’ll not only save precious time, but your student will avoid the heartache of applying to schools they aren’t likely to get into or can’t afford to attend.
Other Articles You Might Like:
How My Daughter Got $53,000 a Year in Merit and Financial Aid Plus More in Private Scholarships
Our Full Tuition Scholarship Journey
A Family’s Journey to Find an Affordable College
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