Scholarship
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A scholarship is an award of access to an institution or a financial aid award for an individual (a "scholar") for the purposes of furthering their education. A scholarship may be awarded based on range of criteria, which usually reflect the views or purposes of the donor or founder of the award.
Another meaning of “scholarship“ is the pursuit of a research subject, usually in arts or humanities (as opposed to science). In both scholarly and scientific fields, the word “scholarship“ is used to mean deep mastery of a research subject, often achieved through university studies.
Types of scholarships
Scholarships may be classified into three primary groups.- Merit-based - financial aid for which financial need is not used to determine the recipient. The recipient may be determined by students’ athletic, academic, artistic or other abilities. The actual monetary value of the scholarship may be negligible, the scholarship being meant to motivate the student and promote the study of the subject. However, this is not always the case and the largest scholarships are almost always merit-based.
- Need-based - financial aid for which the student and family’s financial situation is a primary factor in determining the recipient. Usually such scholarship will cover all or part of the tuition and may even cover living-costs. Very often even need-based private scholarships require the awardees to be distinguished students, as the deed founding the award may include a phrase like: “for the studies of founder's favourite subject in founder's favourite institution of higher education for a talented youths of limited means from founder's home town/county/state etc.“
- Ethnicity-based - financial aid where applicants must initially qualify by race, religion, or national origin. After filtering the applicants based on their ethnicity, additional factors are taken into consideration to determine the final recipients.
Obtaining scholarships
Local scholarships It is typical for persons to find scholarships in their home region. Information on these can be found by asking local persons and organizations. Typically, these are more easy to gain as the eligible population is smaller.
- Guidance Counselors When starting to explore scholarship opportunities, high school students should definitely check in with their guidance counselors. They can be a great resource for local scholarships.
- Community Foundations Many counties / cities / regions have a local foundation dedicated to giving money in the form of grants and scholarships to people and organizations in the area.
- Labor Unions All the major labor unions offer scholarships for members and their dependent children.
- Church The local parish may or may not have any scholarships for their members, but the Diocese or headquarters may have some available. Of course, the best-supported area is the study of theology.
- Chamber of Commerce Many chambers of commerce offer (usually small) grants to students in the community, especially those planning on careers in Business and Public Service. Even if they do not offer any themselves, you can usually get a listing of members, and many of them may offer small scholarships to local students.
- Other volunteer organizations Many organizations offer scholarships or award grants to students whose background or chosen field overlaps the field of the organization. For example, local chapters of professional societies may help the studies of exceptionally distinguished students of the region. Similarly, charity organizations may offer help, especially if the late parent of the student was a member of the organization. (E.g. masonic lodge might help the orphan of a lodge brother.) However, this kind of scholarships are mostly random.
- School Old, well-known schools have often been endowed with scholarship funds.
- University Old, well-established universities may have funds, used to finance the studies of extremely talented students of little means. However, to be eligible for them, the student must usually belong to some special category or be among the nation's best. However, universities have information available on scholarships and grants, possibly even internship opportunities.
- PSAT/NMSQT. In the United States, students are offered the opportunity to take the PSAT/NMSQT test, usually in their Junior year in (high school). Not only does it help them to prepare for the SAT later on, but National Merit Scholarship programs are determined by the scores received on the PSAT/NMSQT test. Some private scholarship programs require the applicants to take the PSAT.
Famous scholarships
- America's Junior Miss
- Canada Merit Scholarship Foundation
- Canadian Millennium Scholarship
- Chevening Scholarship
- Commonwealth Scholarship
- Congress-Bundestag Youth Exchange
- Fulbright Commission
- Goldman Sachs Global Leaders
- Jack Kent Cooke Foundation
- Marshall Scholarship
- Miss America
- National Merit Scholarship
- Rhodes Scholarship
- Truman Scholarship
- Rotary Ambassadorial Scholarship
- World Bank Scholarship
See also
References
DiFiore, Laura, et al. "Tips on Finding Scholarships." FreSch! Free Scholarship Search. 1997.
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