SCHOLARSHIPS FOR COLLEGE STUDENTS
A Scholarship is a financial award given to a student to help cover educational expenses. Scholarships may be based on a variety of criteria, including academic performance, financial need, extracurricular participation, or specific skills. Unlike loans, scholarships do not need to be repaid, making them a valuable resource for students looking to reduce their educational costs. It may be offered by schools, organizations, foundations, or government agencies. Scholarships are offers of money to cover some or all of your college expenses. Some scholarships give you enough money to cover college expenses, as well as incidentals and living expenses. Some private organizations may give you a scholarship that you can use at any university that offers admission. You must apply directly to these organizations. Some wait until they have a confirmed admission offer before taking you seriously. Colleges and Universities also offer scholarships to outstanding students they wish to attract. These Scholarships for College Students generally require you to apply for admission and financial support to the Students of Colleges and Universities. Unless you can apply for private scholarships on your own, international students are generally eligible for merit-based scholarships. It is generally not necessary to apply for a merit-based scholarship, but some schools may require an additional essay to do so. Merit-based scholarships are a tool for Colleges and universities to attract prospective students.
NEED-BASED SCHOLARSHIPS AND MERIT-BASED SCHOLARSHIPS
Need-Based Scholarships
These scholarships mean you receive the money because your family cannot pay the full price.
- Criteria: These scholarships are awarded based on the student’s financial need. Applicants generally need to submit a financial aid application, such as the FAFSA (Free Application for Federal Student Aid) in the United States, to demonstrate their financial situation.
- Purpose: The purpose is to help students who cannot afford the cost of education without assistance.
Merit-Based Scholarships
Merit-based scholarships are awarded based on academic, athletic, artistic, or other achievements, while need-based scholarships consider financial need as the primary eligibility criterion.
- Criteria: These scholarships are based on the student’s academic, artistic or sporting achievements. Factors such as GPA, standardized test scores, leadership roles, and extracurricular activities are taken into account.
- Purpose: The purpose is to reward students for their extraordinary talents or achievements, regardless of their financial situation.
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