The scholarship is a financial aid provided to a student on a certain basis usually biased on the student’s talent and their academic merit. Scholarship money is a wonderful approach to assist and helps the students in getting their knowledge and educational studies without any financial worries, so the scholarships are given a very precious relief to the students and their parents also. The scholarship funds are meant to cover the study program of the students that could be the following heads.
TYPES OF SCHOLARSHIP
These are the types of some scholarships are as Merrit based, need-based, student-specific, career-specific, collage specific, athletic, brand scholarships, creative contest scholarships, and others.
CLASSIFIED FUNDING SCHOLARSHIPS
Some of the scholarship funds awarded to the students with classified bounded outlines that the money may be used for, so the students must read the details of their scholarships awarded thoroughly. Even if living expenses are covered by your schollarship then the award will also indicate the kind of personal expenses such as food and travel.
The majority of scholarship funds can be used for tuition together with the other expenses related to the higher institutions. This is the most important fees for a student in a higher institution.
BOOKS AND COURSE MATERIAL
Significant money is allocated for the purchase of books and other course materials.
LAB AND RESEARCH FEE
For science students, the scholarship may specifically cover the cost of their research and lab expenses.
Mostly scholarships may cover the living expenses like as,
Transportation expenses may include air tickets if you win a scholarship for overseas studying and local transportation fare such as Bus expenses.
A number of scholarships provide for room and board expenses, for those students who stay in an apartment or a dorm they’ll be allowed for food and housing expenses.
Scholarships are provided by organizations, educational institutions, universities or The Governments.
These are the oldest big names of the scholarships in the world as Rhodes Scholarship, National Merit Scholarship program, Hope Scholarship, Bright Futures Scholarship program, Excelsior Scholarship, Homeric Scholarship, Whites only Scholarships, Shuping Scholarship, New Castle Scholarship, GRIPS Security and International Studies Program, Tokyo Fullbright Scholarship, University of Alabama, History of Scholarship, Productive Scholarship by Theodore Roosevelt and Digital Scholarship.