All About Scholarships

A scholarship is a type of funding that can be applied to educational costs, such as tuition, books, fees, etc.

Scholarships are also known as grants or financial aid. There are many different types of scholarships. Some are awarded based on financial need, while others are awarded based on merit.

You can also receive scholarships from random drawings, membership in a particular organization, or through a contest (such as an essay competition).

A scholarship is a desirable form of financial aid because it does not have to be paid back like a student loan. Some scholarships are renewable, which means that you can use the scholarship to pay for your first year of undergraduate school and then renew it in your second year, third year, and fourth year.

Scholarships are available for undergraduate and graduate level study, but scholarships are typically more plentiful for undergraduate students.

Colleges and universities offer financial assistance in the form of merit aid as well, so don’t forget to contact the schools you are considering to see if you qualify for any merit scholarship... this is applicable when you are applying for an oversea studies.

Scholarships aren’t awarded just to students with a 4.0 CGPA or First Class or so. Each scholarship has its own criteria.

Some scholarships are awarded based on need. For others, you must be a member of an organization, be studying a certain field or fit whatever guidelines the group awarding the money decides upon.

Regardless of whether you excel in academics, you should be able to find several scholarships that work for you.

Thanks for reading.