Source: Victor Williams; @officialshenni_ng www.scholarx.co
10 Jun 2017SCHOLARSHIP:- Scholarship is a grant or payment made to support a student's education, awarded on the basis of academic excellence or other achievements.
Many students have confused “scholarship” to “FREE Education"
Education is not free in any regard. Anyone having any form of free, discounted or aided education means that someone or an organization somewhere is responsible for the fees. EDUCATION CAN NEVER BE FREE!
Based on the information above, students seeking scholarship should understand that they are seeking a financial support/aid to further their education. This support could come in various capacities and quantity. For example; an organization/university offering $7,000 scholarship means that the student is supported with just $7000 for further his/her education. If the fees of the student exceed that amount, then the students or the student’s sponsor would be responsible for the remaining fees.
There are various types of scholarship which includes:
• Full scholarship – (The student gets full financial support for both tuition and living expenses)
• Full tuition scholarship – (The student get full financial support for tuition only) the student or student’s sponsor is responsible for living expenses (feeding and accommodation)
• Part tuition scholarship – (The student get support on a percentage of the tuition fees only), the student or student’s sponsor is responsible for the remaining part of the tuition fees and living expenses (feeding and accommodation)
• Financial aid - The student gets a financial aid of a certain amount (i.e $5,000) This means that the student gets only the amount stated. The student or student’s sponsor is responsible for any other fee that might be required to pay either in tuition or living expenses (feeding and accommodation)
In conclusion, most scholarships are granted either for the whole programme period of the student or for just the first year of study (If the scholarship is granted for just the first year of study, the student or student’s sponsor would be responsible for the fees for the subsequent years till the programme is over.
By: Victor Williams