What are the types of scholarships? This is a very conventional question students often ask. Scholarships are important and financially helpful to students, especially to those students who need financial support to go to college.
Scholarships are generalized to be a form of financial aid or award offered to students to pursue their academic dreams. However, there are many types of scholarships. So, the question is “What are the types of scholarships”?
Therefore, this article will be focused on answering this particular question, by listing and explaining the types of scholarships in the world.
Type of Scholarships
Let’s look at the types of scholarships and important criteria to be eligible for these scholarship opportunities.
Merit-based
Merit-based scholarships are scholarships offered to students based on their academic prowess. These scholarships are offered depending on whether the applicant meets the academic requirements of the scholarship donor or other requirements needed by the donor.
A merit-based scholarship usually recognizes high CGPAs, high test scores, and good academic achievement. One of the most common things about a merit-based scholarship is that they pay the scholarship money into the account of the institution, rather than pay directly to the student’s account.
Need-Based scholarships:
A need-based scholarship is a scholarship awarded to students based on the result of FAFSA. A need-based scholarship is always regarded as a grant other than a scholarship. Eligibility requirements generally focus on students from financially deprived families.
Student-Specific Scholarships
Student Specific Scholarships are a type of scholarship offered to a particular group of students. The scholarship donor may decide to offer scholarships to only female students. In the same vein, the scholarship donor may decide to offer scholarships only to male students.
Students-specific scholarships are scholarships that are offered to a specific category of people as decided by the scholarship donor. So, any student who falls in that particular category would be offered the scholarship. In this case, academic prowess and other criteria are not considered.
Career-specific Scholarships:
Career-specific scholarships are a type of scholarship offered to students pursuing a particular career. Career-based scholarships are offered based on the career a student is pursuing where other criteria, such as academic qualifications are not taken into consideration.
This kind of scholarship always reflects the values of the donor. The organization or school offering these scholarships chooses a specific field that they want to develop and go on to provide scholarship opportunities.
College-specific Scholarships.
College-specific scholarships are types of scholarships offered by individual colleges or universities to their best students.
A college or university may decide to give scholarships to their students. This simply means students who do not attend a particular institution offering scholarships are not eligible to apply. Though the college may establish some eligibility requirements for that particular scholarship. The basic thing is the fact that the scholarship is only attainable to students who attended that particular institution
Unusual Type of scholarships
Unusual scholarships are scholarships that are considered to be spontaneous. These are scholarships offered by well-known platforms that support students. Scholarships like this one are always orchestrated by evens or festive celebration.
These kinds of scholarships can also be considered as an offbeat scholarship, which can also help fund the student tuition fees and other things that required finance
Community Service Type of Scholarships
Community service scholarships are a type of scholarship offered to students who are invested in giving back to the society.
Any student who has a history of providing help to the society. Or a student who likes getting involved in things that contribute to the development of the society is eligible for scholarships.
Conclusion
No matter the type of scholarship you are looking for, it is important that you know that there is always a scholarship out there for you.
Whether or not you are academically pronounced. Just know that there are scholarships that are open to just about anybody.
Therefore, keep seeking don’t give up on your scholarship search.
We hope you find a scholarship that suits you.
Hope this content was helpful. And do well to leave us a comment in the comment section.
Frequently Asked Questions about Types of Scholarships
What is the most common type of scholarship?
Merit-based scholarships are the most common types of scholarships offered to students with outstanding academic qualification
What is the hardest type of scholarship to get?
Generally, athletic scholarships are the most difficult awards to receive. In 202, less than 5% of high school athletes receive an athletic college scholarship.
How do I know which scholarship I qualify for?
Do a thorough research on scholarships that match your academic achievement and financial needs. Use platforms like Fastweb, and Scholarships.com, and visit government education websites to find more scholarship opportunities.
Do scholarships cover all my education costs?
Well, it all depends on the scholarship –some scholarships cover full tuition and living expenses, while others only offer partial financial assistance.
Can I apply for more than one scholarship?
Yes, you can apply for multiple scholarships to boost your chances of receiving financial assistance.
