Many students dream of pursuing higher education overseas as a first step toward achieving their educational and career goals. But paying for it can be expensive, and most international students need help in covering the costs. That’s where scholarships can open doors.
Scholarships are monetary grants given to students to help them further their education at a college, university, or other academic institution. Scholarships are awarded based on a variety of characteristics, including academic merit, diversity and inclusion, athletic or musical ability, and financial need, to name a few, or a combination of these. The values and objectives of the donor or the award’s founder are frequently reflected in the scholarship criteria.
Private and institutional scholarships are the two most common types of scholarships. Private scholarships are given by entities in the private sector— individuals, corporations, community organizations, charitable foundations, for example. Institutional scholarships are awarded by colleges and other educational institutions themselves.
There are many different types of scholarships, such as academic, athletic, minority, and so on. Scholarships are frequently misunderstood to be exclusively offered to students with the highest grades and test scores, or the most spectacular athletic or artistic abilities. Yet many scholarships are available for students from all walks of life. Knowing what kind of scholarships are available and where to hunt for them is the key.