YoungBuzz Studyabroad Counselor - Dear Kaveri,
Mar 17, 2012
Scholarships are tricky things. Everyone wants one. Few people get them. Apparently, there are millions out there that go unused on an annual basis. Because scholarships differ from loans in that they are free money, they are coveted beautiful things. They are also brilliant resume boosters and look fantastic on any resume.
Now, there are so many types of scholarships, it helps to be abreast of the types, time ranges, amounts, and places to find them.
Here are some types of scholarships.
1. Merit Scholarships
Scholarships typically revolve around this type of award. People who excel in academics are awarded a scholarship on the basis of their overall academic achievement. This may come in the form of top GPA, excellent SAT scores, and so on. These are highly competitive and may come in various forms.
2. Need-Based Scholarships
This type of scholarship is given purely on financial means. They are designed to fund the less-fortunate students in their academic pursuits. Scholarship committees look at various reasons for this hardship: Parents' income, number of siblings in school simultaneously, expenses, cost of living, etc.
3. Athletic Scholarships
Scholarships are popularly given to star athletes by universities to recruit them for the athletic teams. Many athletes complete their education free of charge, but also pay the price of overworked team sports. Usually full-scholarship athletes are recruited by "scouts" while in high school. You don't usually pursue this type of scholarship; it is given to you.
4. School-Based Individual Scholarships
Every school offers specific scholarships relevant to specifics from the university: donors, individual name scholarships, personal scholarships, and so on. Sometimes you have to apply directly to the scholarship, and other times, just by being accepted, you are placed in the bowl for possible scholarship awards.
5. Full/Partial Scholarship
Many people look at scholarships as a whole and think that they sometimes cover everything. If you are lucky enough to receive a full scholarship, then yes, they cover living, books, and tuition. However, many scholarships are partial, meaning they may cover simply living, simply books, or part of the tuition. If you are awarded any type of scholarship, take it and run! They are prized, wonderful gifts, and you should feel honored to receive one.
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