A Scholarship is an award provided for education by an institution based on specific student achievements. A scholarship can also be considered a form of Financial Aid awarded to a student to further education. Unlike student loans, scholarships are awarded to students on various criteria usually reflecting the purposes and values of the donor or founder of the award. This variety of achievements may include, talent, majoring in a specific subject, holding a specific grade point average, etc. Many private or group scholarships are available from specific sources, such as community, company, church, or civic organizations.
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Types of scholarships available by classification:
Merit: The recipient may be determined by students’ academic, athletic, artistic, or other abilities.
Need: This form of financial aid is based on the student and family’s financial situation as the primary factor. Usually need-based scholarships cover all or part of tuition and sometimes even living costs.
Sociology: This financial aid is awarded to applicants that initially qualify race, religion, or national origin. Ethnicity and other additional factors are taken into consideration to determine the final recipients.
Institutional: Institutional scholarships are awarded by a specific college or university to a student planning to attend that institution.
General: This scholarship maybe awarded for reasons of the student’s association with the objectives of the sponsoring organization. Some corporations may even give scholarships to their employees’ children or simply based upon academic success.
September 25, 2009
With the costs of attending a University rising steadily every year, prospective students are finding it difficult to come up with the money to pay for tuition, not to mention books and other costs. Full time students attending both 2 and 4 year public universities are paying on average about $200-300 more per year just for tuition alone. And with the job market in its current state finding a full-time to pay these costs is challenging. But what many people overlook by simply thinking it too difficult or complicated are the many different scholarships available to incoming freshman and current college students. There is a plethora of scholarships available to anyone who takes the time to search for them. They vary in the amount they give but if combined, a few smaller scholarships may very well pay for the cost of all the books students need to buy at the beginning of each semester. Before you begin your search to find scholarships to help pay for school it would be smart to have an outline of what you plan to accomplish while in college. Having an idea about what subject to major in and what career you choose to pursue will help determine your scholarship eligibility.
Where can I find these scholarships? Who can I ask for information about them? Scholarships are available not just at the national level, but can be found locally in your home town. Begin by asking your guidance counselor at your high school. They are your best resource when it comes to getting information about applying for scholarships for college. It is their job to liaison with various schools within your area to give you the best information possible to get you into the university of your choice. Also, searching for scholarships locally gives you a better chance of winning, since there will be fewer people applying for it.
Do any businesses or companies offer scholarships? Do I have to work for the company? A commonly overlooked resource for scholarships is the workplace. Many companies and organizations offer scholarships to those working for their company and even children of parents working for a company. Employers like grocery stores, fast food chains, and department stores often give scholarships. In addition to companies, organizations may also give scholarships. The key to obtaining these scholarships is to first find out they exist. Ask to speak to the store manager to find out if there are any scholarships available. The next step would then be to do whatever is needed to obtain the scholarship. Store managers are often in communication with other various stores and organizations and might have information about other scholarships you could potentially get. All you have to do is ask.
What is the easiest way to look up information on scholarships? The most common resource is the internet. It’s free and gives you the most up to date information anytime anywhere. Although more people will be searching for the same scholarships, you will be able to refine your search to the types of scholarships you want to apply for. Generally, you would fill out a questionnaire and based upon your results the site will filter out which scholarships you would be most interested in applying for. There are many free scholarship search sites that can help with your search, here are a few: http://www.fastweb.com and http://www.salliemae.com. These sites will be useful in searching and applying for various scholarships.
A degree from any college is one of the most useful tools you can have in the battle against todays economy. Although the cost of tuition and other fees are rising there are resources to help find the money you need in the form of scholarships to pay for college. Remember to create a plan for yourself before you begin applying for scholarships. Look at the local, state, and then national level for different kinds of scholarships. Also, ask various stores and companies if they have a scholarship program that you can apply for. You may never know what is out there unless you take the initiative to ask.
