Do private universities give scholarships? It’s a common question, especially when you’re comparing the cost of different schools. Although private universities can appear more expensive at first glance, scholarships and financial aid often bring the actual cost much closer to — or lower than — public institutions.
Learn how scholarship opportunities are awarded at private schools and the typical timeline for being considered.
Can You Get Scholarships at Private Universities?
Yes, private universities often offer some of the most generous scholarships available to students. These awards can come from several sources within the university:
- Merit scholarships for strong academics, leadership, or special talents
- Need-based scholarships for students who qualify for financial aid
- Departmental or program-specific awards for certain majors or areas of study
- Donor-funded scholarships created by alumni or organizations that support the school’s mission
Because private universities use their own funds, they often have more flexibility to recognize students for their achievements and goals. And even if a school’s tuition seems high, their scholarships can make the actual cost comparable (and sometimes even lower than) public university.
When Do Private Universities Offer Scholarships?
Private universities offer scholarships at several points in the admissions and financial aid process. Knowing when and how they’re awarded helps you plan ahead and take advantage of every opportunity.
Automatically When You Apply for Admission
Many private universities automatically consider you for scholarships and grants as part of your application. Many of these awards are merit-based, which means you’ll get them for things like good grades, leadership, community involvement, or special talents. However, some schools also automatically review you for need-based aid, which is based on your family’s financial situation.
Because these scholarships are tied to your college application, their deadlines match the admission deadlines. It’s usually a good idea to apply to college early, since some universities have limited scholarship funds that are awarded on a first-come, first-served basis.
Through Separate Applications
Some private universities also offer scholarships that require a separate application. These scholarships are usually reserved for students with certain strengths or experiences, such as having a unique background, being a first-generation college student, or planning to study a specific academic major.
These scholarships typically open in the fall or winter of your senior year. To earn one, you may need to:
- Write an essay or personal statement.
- Submit recommendation letters.
- Share details about your achievements or experiences.
Each scholarship has its own requirements and deadline, so check the university’s financial aid or scholarship page carefully. Keeping a simple spreadsheet or checklist can help you stay organized.
After You Submit Financial Aid Forms
Most private universities also offer need-based scholarships to students who qualify for financial assistance. These are based on your family’s financial situation rather than grades or test scores. For example, The University of Olivet offers the ADVANTAGE Scholarship, a no-cost tuition program for students who qualify for both the Michigan Achievement Scholarship and the federal Pell Grant. Depending on your family’s income, this last-dollar award can cover full tuition or significantly lower your costs, making a private education much more affordable.
To be considered for need-based scholarships, your college will likely require you to complete one of the following:
- FAFSA (Free Application for Federal Student Aid)
- CSS Profile (College Scholarship Service Profile), which asks for more detailed financial information so schools can award their own need-based aid
In Michigan, the vast majority of colleges and universities ask students to submit only the FAFSA for financial aid and scholarship consideration. Both forms usually open on October 1 each year. Once the university reviews your information, it determines the amount of financial aid, including scholarships, you’re eligible to receive.
Each Year As Renewable Awards
Many scholarships at private universities are renewable, meaning you can keep receiving them each year if you meet the requirements. Typically, students must maintain a certain GPA, stay enrolled full-time, or continue in a specific major or program.
You may also become eligible for departmental scholarships after your first year. These are awards typically offered by individual departments (like business, engineering, or art) and often open in the spring semester for returning students.
Not every university offers departmental scholarships, so be sure to check your school’s financial aid office or contact your academic department directly to learn what’s available and how to apply.
Between Fall and Spring of Senior Year
Most private university scholarships are offered during your senior year, often at the same time you’re applying to colleges.
To make the most of these opportunities:
- Start researching scholarships during your junior year of high school.
- Apply for admission and financial aid early in your senior year.
- Keep track of all scholarship deadlines and requirements.
By planning ahead and staying organized, you’ll be ready to take advantage of every scholarship opportunity available to you.
The University of Olivet Is a Private University That Offers Financial Aid
At The University of Olivet, we make a private education affordable with scholarships, grants, and other financial aid for every undergraduate. You’ll be part of small, close-knit classes. You’ll get to know faculty who are invested in your growth, with an average 13:1 student-to-faculty ratio. Here, you’ll join a welcoming, diverse community where you can stay true to yourself while exploring who you want to become.
Come see what life at Olivet can be — supportive, engaging, and full of opportunities. Apply today and start your journey with us.