Students, Studies, Scholarships!

Studying abroad is a costly investment. With rising aspirations among students to undertake education overseas, parents from all geographies and economic backgrounds are spending a large part of their savings for their children’s higher studies. In such a scenario, a scholarship adds both prestige and financial comfort to the families of students. While most people aspire to obtain scholarships, few understand the complete range of scholarship options available. Below we outline the kinds of scholarships available to international students:

1.  Merit based scholarships – These are given to students based on their academic achievements, or for their overall profile including superior grades, extracurricular activities, sports, community service and other activities that demonstrate a continued interest in their chosen field.

2. Need based or financial bursaries – For students who demonstrate a financial requirement the need based scholarships help cushion their requirements for tuition fee and sometimes stay and other allowances. These have very specific conditions attached to them.

3.  Government funded scholarships – Some country governments give scholarships to international students each year as a way to recognize merit and attract student diversity to their universities. Often a student is expected to study at one of the select institutions specified by the government of the country to be eligible for such scholarships.

4. Athletic scholarships – Some universities provide scholarships to students of the incoming freshmen batch if they have proved their merit at national or international level in sports.

5.  Community Service scholarships – These are very few in number and offered by only some universities. These are given to students who can demonstrate that they will bring benefit to their home communities or larger communities in the long term.

6.   Country based scholarships – These are offered to students from specific developing countries, and are aimed at increasing the percentage of underrepresented communities on campuses.          

7.  Privately funded scholarships – Some private organizations and corporate give free return tickets, zero interest education loans; and part tuition fee amounts to students. These are smaller in amounts than other scholarships.

 

 

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