Once you start your search for scholarships you will find that most applications have requirements. Some students solely focus on the amount that the scholarship will give and this is a huge mistake on behalf of those students.
If you only look at the amounts then you could be missing out on free money. Plus some of the higher paying scholarships are harder to receive and there are less of them to give out.
So if you are just starting out I would take the time to apply for smaller amounts because they all add up and you are more likely to receive the ones that you qualify for.