Scholarship

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A scholarship is an award of financial aid for a student to further his or her education. Scholarships are awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award. Scholarship money is not required to be repaid.[1]

Types[edit]

The most common scholarships may be classified as:

Some scholarships have a "bond" requirement. Recipients may be required to work for a particular employer for a specified period of time or to work in rural or remote areas; otherwise they may be required to repay the value of the support they received from the scholarship. This is particularly the case with education and nursing scholarships for people prepared to work in rural and remote areas. The programs offered by the uniformed services of the United States (Army, Navy, Marine Corps, Air Force, Coast Guard, National Oceanic and Atmospheric Administration commissioned corps, and Public Health Service Commissioned Corps) sometimes resemble such scholarships.

Local scholarships[edit]

It is typical for persons to find scholarships in their home regions. Information on these can be found by asking local institutions and organizations. Typically, these are less competitive as the eligible population is smaller.

Controversy[edit]

It has become more prevalent today that scholarships are misconceived[by whom?] to have a discriminatory quality to them. For example, as demonstrated by student-specific scholarships, minorities are thought to have a priority over Caucasian students when it comes to receiving these scholarships.

These beliefs are known to come from college students themselves who have been affected by their failures at obtaining adequate financial aid. Mark Kantrowitz, author of Secrets to Winning a Scholarship, explains that the average family tends to overestimate their eligibility for merit-based awards and underestimate their eligibility for need-based awards. These high expectations lead to disappointing results, and many people tend to find someone else to blame for their faults. In turn, the most persistent target of this disapproval tends to be high-profile, minority-based scholarships.[citation needed]

Most scholarships are based on merit or talent, withholding any designation regarding race or nationality. While Caucasians account for 62 % of full-time college students in America,[7] they receive 76 % of all scholarships.[8]

See also[edit]

Notes[edit]

  1. ^ Peterson, Kay (4 September 2008). "Financial Aid Glossary". fastweb. Retrieved 28 May 2012. 
  2. ^ "College Scholarship". School Grants Guide. Retrieved 28 May 2012. 
  3. ^ "About Federal Student Aid". ED.gov. 28 June 2010. Retrieved 28 May 2012. 
  4. ^ "The Gates Millennium Scholars". Retrieved 9 March 2013. 
  5. ^ Janice Heng (Sept 9, 2008). "Bond Free". THE STRAITS TIMES. Retrieved Sep 9, 2008. 
  6. ^ "Bipolar Lives Scholarship". Retrieved 2010-10-03. 
  7. ^ http://www.nsf.gov/statistics/wmpd/pdf/tab2-1.pdf
  8. ^ Kantrowitz, Mark. "The Distribution of Grants and Scholarships by Race". Student Aid Policy Analysis. Retrieved 20 September 2012. 

References[edit]