A scholarship is the name given to an award issued to students to further their education. It is essentially for financial aid. Different criteria are used in choosing the recipients of such awards. Typically they reflect the purposes and values of the founder or donor. Scholarship money must not be repaid and is often used toward higher education. There are many scholarships for underprivileged students.
In reality, college and getting a higher education can be costly. Most people attend college or university only through the financial help from grants or loans. However, loans have to be paid back and often that can take many years to do. Grants usually do not require that the recipient repay the amount, but do not usually cover the entire cost of a full education at these facilities.
Scholarships are, for some, their best bet for getting into college and earning a degree. Some people have the drive, determination and goals but are without the money they need to achieve those future dreams. Through this aid, even underprivileged students have the opportunity to receive a proper education and all the tools they need to be success.
The awards are categorized in five key ways: student specific, need based, college specific, merit based and career specific. In the United States, the need-based scholarships are awarded to students based on their financial records, as well as that of their family. Awards might also feature a bond requirement. That is, recipients are required to work for a certain employer for a period of time, or must work in rural or remote regions. If they do not comply with these regulations, they have to pay back the money. This is usually relevant to those who get education or nursing education.
In situations where it is a federal award, applicants have to complete a FASFA, Free Application for Student Aid. Awards that are need based and private usually assess the results of a FASFA form, estimating how much aid is necessary. This is done by using a formula that estimates how much contribution a family will be able to make toward the education, as well as attendance costs.
Recipients are usually good at something. They might be skilled at a sport or activity, or extremely intelligent. Sometimes they may be given it based on other factors as well. These awards may include enough money to cover the entire costs of schooling and others only provide enough to pay some of it. There are usually some stipulations in place regarding payments being issued. For example, an athlete with a sports scholarships might have to play the sport the duration of their schooling time or maintain a certain grade point average to keep the award active.
Many utilize local awards of this kind. Teachers and counselors at schools can provide students with resources and information related to scholarships that they are eligible for. Local scholarships tend to be less competitive than national or international awards.
A large amount of scholarships for underprivileged students are issued. This financial aid does not need to be repaid. Sometimes, these are the only shot people have at attending university because it is too costly. Awards will vary.
In reality, college and getting a higher education can be costly. Most people attend college or university only through the financial help from grants or loans. However, loans have to be paid back and often that can take many years to do. Grants usually do not require that the recipient repay the amount, but do not usually cover the entire cost of a full education at these facilities.
Scholarships are, for some, their best bet for getting into college and earning a degree. Some people have the drive, determination and goals but are without the money they need to achieve those future dreams. Through this aid, even underprivileged students have the opportunity to receive a proper education and all the tools they need to be success.
The awards are categorized in five key ways: student specific, need based, college specific, merit based and career specific. In the United States, the need-based scholarships are awarded to students based on their financial records, as well as that of their family. Awards might also feature a bond requirement. That is, recipients are required to work for a certain employer for a period of time, or must work in rural or remote regions. If they do not comply with these regulations, they have to pay back the money. This is usually relevant to those who get education or nursing education.
In situations where it is a federal award, applicants have to complete a FASFA, Free Application for Student Aid. Awards that are need based and private usually assess the results of a FASFA form, estimating how much aid is necessary. This is done by using a formula that estimates how much contribution a family will be able to make toward the education, as well as attendance costs.
Recipients are usually good at something. They might be skilled at a sport or activity, or extremely intelligent. Sometimes they may be given it based on other factors as well. These awards may include enough money to cover the entire costs of schooling and others only provide enough to pay some of it. There are usually some stipulations in place regarding payments being issued. For example, an athlete with a sports scholarships might have to play the sport the duration of their schooling time or maintain a certain grade point average to keep the award active.
Many utilize local awards of this kind. Teachers and counselors at schools can provide students with resources and information related to scholarships that they are eligible for. Local scholarships tend to be less competitive than national or international awards.
A large amount of scholarships for underprivileged students are issued. This financial aid does not need to be repaid. Sometimes, these are the only shot people have at attending university because it is too costly. Awards will vary.
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