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Aid Awarded Based on Family Income Is Called _____ Aid.

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Honor of financial aid for a student to farther their education

This article is most scholarship as a form of fiscal assist. For the practice and method of scholars, see Scholarly method. For the international educational activity program, see The Scholar Ship.

A young man (in bowtie) receives a scholarship at a ceremony.

A scholarship is a form of fiscal help awarded to students to further their instruction. Scholarships are awarded based upon diverse criteria, such as academic merit, diversity and inclusion, able-bodied skill, and financial need. Scholarship criteria usually reflect the values and goals of the donor or founder of the award. While scholarship recipients are non required to repay scholarships,[one] [2] the awards may require that the recipient go on to run across certain requirements during their flow of support, such maintaining a minimum class bespeak average or engaging in a certain activity (e.yard., playing on a schoolhouse sports team for athletic scholarship holders, or serving as a teaching assistant for some graduate scholarships). Scholarships may provide a budgetary accolade, an in-kind award (eastward.g., waiving of tuition fees or fees for housing in a dormitory), or a combination.

Some prestigious, highly competitive scholarships are well-known fifty-fifty outside the academic community, such equally Fulbright Scholarship and the Rhodes Scholarship.

Scholarships vs. grants [edit]

US Aid scholarship certificates.

While the terms scholarship and grant are oftentimes used interchangeably, in that location is a departure. Scholarships may have a financial need component but rely on other criteria as well.

  • Academic scholarships typically use a minimum grade-point average or standardized test score such equally the Act or Saturday to select awardees.
  • Athletic scholarships are more often than not based on athletic performance of a student and used as a tool to recruit high-performing athletes for their school's athletic teams.
  • Merit scholarships can exist based on a number of criteria, including functioning in a item school discipline or club participation or community service.

Grants, however, are offered based exclusively on financial need and determined using the applicant's FAFSA information.[3]

A federal pell grant tin can exist awarded to someone planning to receive their undergraduate degree and is solely based of their financial needs. [iv]

Types [edit]

A Navy Rear Admiral presents a Midshipman with a formalism bank check symbolizing her $180,000 Navy Reserve Officers Training Candidate scholarship.

The nigh common scholarships may be classified equally:

  • Merit-based: These awards are based on a pupil's academic, artistic, athletic, or other abilities, and often a factor in an applicant's extracurricular activities and community service tape. The well-nigh common merit-based scholarships, awarded past either private organizations or directly by a student's intended college, recognize bookish achievement or loftier scores on standardized tests. Most such merit-based scholarships are paid directly by the institution the student attends, rather than issued straight to the educatee.[5]
  • Need-based: Some private need-based awards are confusingly called scholarships, and require the results of a FAFSA (the family unit'southward EFC). Nonetheless, scholarships are ofttimes merit-based, while grants tend to exist need-based.[6]
  • Pupil-specific: These are scholarships for which applicants must initially qualify based upon gender, race, religion, family, and medical history, or many other pupil-specific factors. Minority scholarships are the most common awards in this category.[ citation needed ] For example, students in Canada may authorize for a number of Indigenous scholarships, whether they study at home or away.[ citation needed ] The Gates Millennium Scholars plan is some other minority scholarship funded by Bill and Melinda Gates for first-class African American, American Indian, Asian Pacific Islander American, and Latino students who enroll in college.[seven]
  • Career-specific: These are scholarships a college or university awards to students who program to pursue a specific subject field.[8] Oft, the about generous awards to students who pursue careers in high-need areas such as pedagogy or nursing. Many schools in the Us requite future nurses total scholarships to enter the field, especially if the student intends to work in a high-need customs.[ citation needed ]
  • College-specific: College-specific scholarships are offered by private colleges and universities to highly qualified applicants. These scholarships are given on the basis of academic and personal achievement. Some scholarships accept a "bond" requirement.[nine] Recipients may be required to work for a particular employer for a specified catamenia of time or to work in rural or remote areas; otherwise, they may be required to repay the value of the support they received from the scholarship.[10] This is especially the case with education and nursing scholarships for people prepared to work in rural and remote areas. The programs offered by the uniformed services of the Us (Army, Navy, Marine Corps, Air Force, Coast Baby-sit, National Oceanic and Atmospheric Assistants commissioned corps, and Public Health Service Deputed Corps) sometimes resemble such scholarships.
  • Able-bodied: Awarded to students with exceptional skill in a sport. Often this is so that the educatee will be available to nourish the school or college and play the sport on their team, although in some countries government funded sports scholarships are available, allowing scholarship holders to train for international representation.[11] [12] School-based athletics scholarships can be controversial, as some believe that awarding scholarship money for athletic rather than academic or intellectual purposes is not in the institution's best interest.[13]
  • Brand: These scholarships are sponsored past a corporation that is trying to gain attention to their brand, or a cause. Sometimes these scholarships are referred to as branded scholarships. The Miss America beauty pageant is a famous example of a brand scholarship.
  • Creative competition: These scholarships are awarded to students based on a creative submission. Contest scholarships are also chosen mini projection-based scholarships where students can submit entries based on unique and innovative ideas.[fourteen]
  • "Terminal dollar": tin be provided by private and regime-based institutions, and are intended to cover the remaining fees charged to a educatee later the diverse grants are taken into account.[15] To prohibit institutions from taking last dollar scholarships into business relationship, and thereby removing other sources of funding, these scholarships are not offered until afterward financial assist has been offered in the class of a letter. Furthermore, last dollar scholarships may require families to have filed taxes for the most recent yr, received their other sources of financial assist, and non yet received loans.

Local [edit]

It is typical for people to find scholarships in their home regions. Information on these can exist found by asking local institutions and organizations. Typically, these are less competitive as the eligible population is smaller.

  • Guidance counselors: When starting to explore scholarship opportunities, most high school students cheque with their guidance counselors. They tin be a reliable source of information regarding local scholarships.
  • Non-profits and charitable trusts: Virtually non-turn a profit organizations accept at some point of their history founded scholarships for prospective students. The Good Schools Guide, a guide to schools in the United kingdom of great britain and northern ireland, states "Charitable grant-making trusts can help in cases of 18-carat need," and goes on to outline several instances where this may be the case, including an "unforeseen family disaster" and a "need for special education".
  • Community foundations: Many counties and cities and regions have a local foundation dedicated to giving money in the form of grants and scholarships to people and organizations in the area.
  • Music teachers: Some music teachers offer reduced-cost or gratuitous lessons to help low-income children gain admission to an arts education. In addition, some local non-profits provide complimentary music classes to youths.
  • Foundations: Certain foundations in the The states and all over the world offering scholarships for entrepreneurial endeavors.
  • Labor/trade unions: Major unions often offering scholarships for members and their dependent children.[16]
  • Houses of worship: The local house of worship may or may not accept any scholarships for their members, but the religious organization or headquarters may accept some bachelor. Theology written report is highly encouraged.

Foundations Reputable foundations formed by different individuals, company or organisation can fund a scholarship every bit a ways of reaching out to people

  • Bedroom of commerce: Many chambers of commerce offer (normally small) grants to students in the community, especially those planning on careers in business organization and public service. Even if they do not offering any themselves, ane can commonly get a listing of members, and many of them may offer small-scale scholarships to local students.
  • Other volunteer organizations: Many organizations offer scholarships or award grants to students whose background or chosen field overlaps the field of the arrangement. For example, local chapters of professional societies may assistance the studies of uncommonly distinguished students of the region. Similarly, charity organizations may offer assistance, particularly if the belatedly parent of the student was a fellow member of the organization (e.g., a Masonic order might assist the orphan of a lodge brother.) This kind of scholarship is mostly ad hoc.
  • Schoolhouse: Old, well-known schools are oft endowed with scholarship funds.
  • University: Old, well-established universities may take funds to finance the studies of extremely talented students of trivial means. Eligibility often requires that a student vest to some special category or exist amidst a nation'southward all-time. Yet, universities provide information on scholarships and grants, perchance fifty-fifty internship opportunities.
  • PSAT/NMSQT: In the U.s.a., students are offered the opportunity to accept the PSAT/NMSQT test, usually in their junior year of high school. National Merit Scholarship programs are initially adamant by the scores received on the PSAT/NMSQT exam. Some private scholarship programs require applicants to have the PSAT. The test can be used as preparation for the SAT.
  • Enrichment centres: In certain countries, enrichment centers have begun to provide scholarships.[17]
  • Disabilities: Students with disabilities may exist able to apply for awards intended for people with disabilities. Those scholarships may exist intended for disabled students in general, or in relation to a specific disability.[18]

Notable scholarships [edit]

  • Chevening Scholarship
  • CSC Scholarship
  • Republic Scholarship
  • Coca-Cola Scholarship
  • Endeavour Awards
  • Erasmus Mundus
  • Fulbright Scholarship
  • Gates Cambridge Scholarship
  • Jardine Scholarship
  • Marshall Scholarship
  • Mitchell Scholarship
  • Foundation Scholarship
  • Rhodes Scholarship
  • Schwarzman Scholars

See also [edit]

  • Bursary
  • Free education
  • Exhibition
  • Fellowship (financial)
  • Right to education
  • Scholarships in Korea
  • Scholarships in the United States
  • Scholarships in Taiwan
  • School voucher

References [edit]

  1. ^ Peterson, Kay (four September 2008). "Financial Aid Glossary". fastweb. Retrieved 28 May 2012.
  2. ^ "University Reform: Study of the Royal Commissioners On the Land of the Academy and Colleges of Oxford". The Observer. 1952. ProQuest 474208063.
  3. ^ Scholarships.com. "Loans Vs Grants Vs Scholarships - Scholarships.com". world wide web.scholarships.com . Retrieved 2017-05-19 .
  4. ^ "Federal Student Aid". {{cite spider web}}: CS1 maint: url-condition (link)
  5. ^ "College Scholarship". School Grants Guide. Retrieved 28 May 2012.
  6. ^ Nykiel, Teddy; Helhoski, Anna (24 June 2016). "The Complete Guide to College Grants". NerdWallet.
  7. ^ "The Gates Millennium Scholars". Archived from the original on 15 January 2013. Retrieved ix March 2013.
  8. ^ "Scholarships College by Major". Discover . Retrieved 27 April 2020.
  9. ^ Teng, Amelia. "Many slam A*Star scientist's protest confronting her scholarship bail". ST. Retrieved xv Dec 2014.
  10. ^ "Dancing out of A*Star". Archived from the original on 15 December 2014. Retrieved fifteen December 2014.
  11. ^ Talented Athlete Scholarship, UK Government. Retrieved February 25, 2016.
  12. ^ "The scholarship", Winning Students. Authorities of Scotland. Retrieved February 25, 2016.
  13. ^ Bruenig, Matt. (March 31, 2014). " The NCAA (National Collegiate Athletic Association) is an example of one.
    • Music scholarships: Some people receive scholarships for excellence in music, often taking into account their academic capacity. Some academic scholarships take into business relationship musical skills, particularly if they are needed in the school'southward orchestra or marching ring. Music scholarship recipients may be required to play in school ensembles.
    • Legacy scholarships: At some schools, there are special scholarships set aside for children or grandchildren of people who previously attended the school.
    Ralph Nader'southward brilliant plan for college sports: No more than concussions or exploited labor", Salon. Retrieved February 25, 2016.
  14. ^ Scholarshipfellow (March 24, 2017). "Contest Scholarships Archived 2017-03-24 at the Wayback Machine", Retrieved March 24, 2017.
  15. ^ Kelchen, Robert. (Apr 17, 2014). "The Political Bewitchery of "Last-Dollar" Scholarships", Washington Monthly. Retrieved February 25, 2016.
  16. ^ Konrad, Matt (Baronial 28, 2014). "Organize Scholarship Support From a Labor Union". Usa News . Retrieved November 8, 2018.
  17. ^ Janice Heng (Sep 9, 2008). "Bond Gratis". The Straits Times . Retrieved Sep 9, 2008.
  18. ^ "Bipolar Lives Scholarship". Archived from the original on 2010-eleven-03. Retrieved 2010-10-03 .

Further reading [edit]

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

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Source: https://en.wikipedia.org/wiki/Scholarship

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