The 6 Scholarships’ Facts To Help You Make The Best Scholarship Choice Anywhere
Scholarships have long been in existent, and they usually go a long way in aiding students in their education. Students can get scholarships to study at a local or international institution at an undergraduate and graduate level. Even so, we have listed what you should know about scholarships to help you make the right scholarship choices.
#1. You can apply for a scholarship without knowing the college you are going to attend
Being in high school or at home waiting to join college does not stop you from applying for a scholarship. Some organizations have the option of giving you the money when you are about to enter college or give it to you on the promise of using it only for college. You, therefore, do not have to wait until the last minute, start early.
#2. You don’t have to pay a fee to get a scholarship
Scholarships are meant to assist students to pay fees, so the organizations can’t ask the same students to pay them some fee. In most cases, scholarships that ask for fees are scams that should be avoided at all costs. However, some offers for scholarship may ask you to pay a small handling fee of about 5 dollars or less. All the same, unless you are sure of the legitimacy of the organization do not pay any fees.
#3. You could apply for a scholarship the subsequent year if you did not get it
It is possible to apply for the same scholarship in case you missed it; that is if you are still legible. But, you should make your application stronger, by having improved academic records and more persuasive essay about yourself.
#4. You can lose your scholarship award even after it has been awarded
Some scholarships that are renewable may require you to meet some requirements. Renewable scholarships are those that are won for more than a year. The requirements may include attending the same college, maintaining the same course, or attaining a certain GPA. After winning a scholarship, inquire with the organization about the requirements needed to keep the award.
#5. Scholarships can be merit-based or need-based
Merit-based scholarships are offered on the basis of extracurricular or academic achievements.
This type of scholarship can be offered even to students whose parents can support them. Needbased
scholarships, on the other hand, are offered on the basis of your parents’ financial income
and your monetary needs.
#6. Your college may take away some of your financial aids if you win a scholarship
Most colleges often require reporting of any scholarship that you win and change the package of your financial aid. If your institution has this policy and you feel it is somewhat unfair you can request them to decrease the amount of loan you can borrow rather than grants. In this way, you will not have many debts; that is why, it is better to get a scholarship rather than a student loan.
In conclusion, scholarships are an excellent way of subsidizing your education. The above
information will get you started on applying for a scholarship.