- Education Funding
Scholarships are one of the financial aids that are awarded to students
for their education. One of the major differences between Scholarships
and other types of financial aids is, that it does not necessarily be
repaid. Scholarships can be classified into many types, but they are
mostly merit based.
Types of Scholarships
The merit based Scholarships are usually
awarded in accordance with student’s performances, which may be
academic, artistic, and athletic or based upon other qualifying
activities. Usually the Scholarships are based on academic achievements,
for which students need to achieve high scores. In such a case, the
scholarships are paid directly to the students.
need based scholarships are also one of the options that are available
to students. In this type, the organizations or universities calculate
the financial status of the families. If the finances are according to
the eligible norms, then students are awarded Scholarships for their
There are various Scholarships that are social
specific and are awarded to students who belong to a particular gender,
religion, race or caste in the society. One of the Scholarships such as,
Gates Millennium Scholar Program, provides Scholarship to those
students who belong to American Indian, African American, Asian Pacific
Islander American and Latino categories.
In many cases, students
are awarded Scholarships based on the career that they choose. These
are most commonly given to those students who pursue teaching or nursing
as their profession.
Availing the Scholarships
In order to understand and avail a
particular kind of Scholarship, students need to check online or contact
the financial aid office of their college. In many cases, students can
also reach their university or public library to get additional
In order to get Scholarships, it is very important
for students to keep a track of all the organizations that award
Scholarships and their latest dates. Moreover, being an early bird is
always a wise thing. Students should also plan and search the benefits
of different scholarships, for which they are eligible.