Student Scholarships

student scholarshipsIn recent years, the cost of college has gone through the roof, and a vast majority of students are struggling to afford a college education. The exorbitant costs of higher education pose an obstacle to students who seek to achieve academic, and ultimately, professional success. In light of all this, the availability of financial aid is a boon to students planning on pursuing a higher education.

Among the various financial aid resources available to students and families, Student Scholarship has become a popular way of covering education related expenses. Most colleges and universities offer both merit and need based awards in recognition of excellent student scholarship. These student scholarship awards often are extremely helpful in making education accessible to a larger number of students. Typically, scholarships are provided to students in the form of grants for outstanding academic performance. Student Scholarships are recognized at both the undergraduate and graduate levels, and awards are distributed accordingly at both levels of education.

Types of Student Scholarships

college student studyingNeed-based student scholarships are awarded to applicants from low-income families. These scholarships are either private or federally funded, and in order to acquire this type of scholarship, students must fill out the FAFSA. Merit-based scholarships, on the other hand, are awarded to students with exceptional academic or athletic ability.

Career specific scholarships are another form of student scholarship awarded at schools across the country. These scholarships are awarded to students who are studying in fields that are in high demand. For example, there is a very high need for nursing professionals, therefore, nursing students may get full scholarships to cover their educational expenses. Student Specific Scholarships are a type of scholarship that is awarded to students based on characteristics like gender, race, ethnicity or family background. These scholarships are specifically designed to make higher education accessible to the minorities and the under privileged. The eligibility requirements for these scholarships may vary from college to college.

Benefits of Student Scholarships

Unlike loans and other means of financial aid, scholarships do not have to be repaid. If you are fortunate enough to receive one of the rare full student scholarships, you may be able to meet most of your college expenses, such as tuition as well as room and board through such scholarships without needing any further financial support. Scholarships are quite difficult to come by, though, so do not count on them when planning out how you will pay for college.

 

General Scholarship Information