Scholarship

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A scholarship is a financial aid award for students to continue their education. Scholarships are awarded under various criteria, which usually reflect the value and purpose of the donor or the founder of the award. Scholarship money does not need to be paid back.

Video Scholarship

Scholarship vs. Scholarships grant

Although this term is often used interchangeably, there is a difference. Scholarships may have components of financial needs but rely on other criteria as well.

• Academic Scholarships usually use a Minimum Average Score or a standardized test score such as ACT or SAT to select a scholarship recipient.
• Athletic scholarships are generally based on students' athletic performance and used as a tool for recruiting high-performing athletes for their school athletic teams.
• Merit scholarships can be based on a number of criteria, including performance in a particular school subject or even club participation or community service.

Grants, however, are offered on an exclusively on financial basis and determined using the applicant's FAFSA information.

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Type

The most common scholarships can be classified as:

Performance-based: The award is based on academic, artistic, athletic, or other student abilities, and is often a factor in extracurricular activities and community service records. Scholarships based on the most common achievements, awarded by private or direct organizations by colleges aimed at students, recognize academic achievement or high marks on standardized tests. Most scholarships based on these services are paid directly by the institutions that students attend, not directly given to students.
• Needs-based: Some confusing personal-based rewards are called scholarships, and require results from FAFSA (family EFC). However, scholarships are often based on merit, while grants tend to be based on need.
• Student only: This is a scholarship that must be eligible for applicants based on gender, race, religion, family, and medical history, or many other student-specific factors. Minority scholarship is the most common award in this category. For example, students in Canada can qualify for a number of aboriginal scholarships, whether they study at home or abroad. The Gates Millennium Scholars program is another minority scholarship funded by Bill and Melinda Gates for outstanding students from African, American, Asian Pacific, American and Latin America enrolled in college.
• Especially for careers: This is a university or university degree scholarship for students planning to pursue a particular field of study. Often, the most generous rewards for students who pursue careers in areas that require high education or nursing. Many schools in the United States provide full scholarships to future nurses to enter the field, especially if students intend to work in needy communities.
• Especially for colleges: University-specific scholarships are offered by each college and university to highly qualified applicants. These scholarships are awarded on the basis of academic and personal achievement. Some scholarship has a "bonding" requirement. The recipient may be required to work for a particular employer for a certain period of time or work in a rural or remote area; otherwise they may be required to pay back the value of the support they receive from the scholarship. This is especially the case with nursing education and scholarships for people ready to work in rural and remote areas. Programs offered by uniformed services from the United States (Army, Navy, Marine Corps, Air Force, Coast Guard, National Oceanic and Atmospheric Board assigned corps, and Public Health Service Board) sometimes resemble the scholarship.
• Athletics: Given to students with outstanding skills in sports. Often this is so students will be available to attend school or college and play sports on their teams, although in some countries, government-funded sports scholarships are available, allowing scholarship holders to train for international representatives. School-based athletic scholarships can be controversial, as some believe that awarding money scholarships for athletic purposes rather than academic or intellectual is not the best interest of the institution.
• Brand Scholarship: This scholarship is sponsored by a brand that tries to get their brand's attention, or a reason. Sometimes these scholarships are referred to as branded scholarships. The Miss America beauty contest is the most famous example of a brand scholarship.
• Creative Contest Scholarship: This scholarship is awarded to students based on the submission of the creative. The contest scholarship is also called a mini project-based scholarship where students can submit entries based on unqiue and innovative ideas.

Increased interest in the United States is the "last dollar" scholarship. These can be provided by private and government-based agencies, and are intended to cover the remaining fees imposed on a student after various grants are taken into account. To prohibit agencies from taking the last dollar scholarship to the account, and thereby eliminating other funding sources, this scholarship is not offered until after financial assistance has been offered in the form of a letter. Furthermore, the last dollar scholarship may require families to file taxes for the last year; receive other sources of financial assistance; and has not received a loan.

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Local

It is common for people to seek scholarships in their home areas. Information about this can be found by asking local agencies and organizations. Normally, this is less competitive because the eligible populations are smaller.

• Counselor counselor: When starting to explore scholarship opportunities, most high school students check with their guidance counselors. They can be a reliable source for local scholarships.
• Nonprofit and charity trust: Most nonprofit organizations at some point in their history find scholarships for prospective students. The Good School Guide , a guide for schools in the UK, states "Grant charity raising can help in the case of genuine needs," and goes on to outline some examples of where this might happen, including "unexpected family catastrophes" and "the need for special education".
• Community foundations: Many districts and cities and regions have local foundations dedicated to giving money in grants and scholarships to people and organizations in the area.
• Music teachers: Some music teachers offer cheap or free lessons to help low-income children gain access to art education. In addition, some local nonprofits provide free music classes to the youth.
• Foundations: Some foundations in the United States offer scholarships for entrepreneurial ventures.
• Trade unions: Major unions often offer scholarships to dependent members and their children.
• Houses of worship: Local worship houses may or may not have scholarships for their members, but religious or headquarters organizations may have some available. Theological studies are highly recommended.
• Chamber of Commerce: Many trading rooms (usually small) offer rooms to students in the community, especially those planning careers in business and public services. Even if they do not offer themselves, usually they can get a list of members, and many of them may offer small scholarships to local students.
• Other volunteer organizations: Many organizations offer scholarships or grants to students whose background or field of choice overlaps with the organization's field. For example, a local branch of a professional community can help study the very different students in the region. Similarly, charitable organizations may offer assistance, especially if late parents of students are members of the organization (eg, Masonic lodges can help orphans of lodge brothers.) This type of scholarship is largely ad hoc.
• School: Old, famous schools are often granted scholarships.
• Universities: Old established universities may have the funds to fund the study of highly talented students with few tools. Feasibility often requires that a student fall into a special category or be among the best of nations. However, the university provides information on scholarships and grants, even internships.
• PSAT/NMSQT: In the United States, students are given the opportunity to take the PSAT/NMSQT test, usually in the first year of high school. The National Merit Scholarship program was initially determined by the scores received on the PSAT/NMSQT test. Some private scholarship programs require applicants to take the PSAT. This test can be used as preparation for SAT.
• Enrichment Centers: In certain countries, enrichment centers have started providing scholarships.
• Disability: Students with disabilities may be able to file awards addressed to persons with disabilities. The scholarships may be intended for students with disabilities in general, or in connection with a particular disability.

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Controversy

It is becoming increasingly common today that scholarships are misunderstood to have discriminatory qualities for them. For example, as shown by special scholarships of students, minorities are considered to have priority over Caucasian students when it comes to receiving this scholarship.

This belief is known to come from students themselves who have been influenced by their failure to obtain adequate financial assistance. Mark Kantrowitz, author of "Secrets to Winning a Scholarship", explains that the average family tends to exaggerate students' eligibility for achievement-based rewards and underestimate their eligibility for a need-based reward. In turn, the most persistent targets of these denials tend to be high-profile and minority-based scholarships.

Most scholarships are based on achievement or talent, regardless of economic or ethnic needs. Because people who are economically privileged typically have better schools and more access to other educational resources, rewards based on merit benefit those with economic rights. While Caucasians are responsible for 62% of full-time students in America, they receive 76% of all scholarships.

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See also

• Bursary
• Free education
• Exhibits
• The Guild
• Right to education
• Scholarships in Korea
• Scholarships in the United States
• Scholarships in Taiwan

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References

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Further reading

• DiFiore, Laura, et al. "Tips on Finding Scholarships." FreSch! Scholarship Search Free. 2013.
• Martin, Michel. "Scholarships: Who Gets Them and Why?" Tell me More 17

Source of the article : Wikipedia