First of all, unlike loans, they do not require repayment. But more importantly, the awarding of a scholarship distinguishes a student's academic career. In receiving a scholarship a student has received recognition that they are exceptional in any one of a multitude of areas.
Pursuing a scholarship can be every bit as demanding as college applications, fortunately there is overlap – essay, letters of recommendation. Since scholarship awards are given to the students that the reviewers assess best exemplify their founding values, mission and goals, an applicant cannot rely on a repetition of application materials.
Take a look at these helpful resources before you apply for available scholarships.