Lets start by examining the concept of scholarship with the following questions listed below:
WHAT IS SCHOLARSHIP?
Scholarship is an award of financial aid granted to a student to further his/her education at a primary or secondary school, or a private or public secondary school, university, or other academic institution. Scholarship can come in form of a grant, a loan or totally free of charge.
SCHOLARSHIP CAN COME IN VARIOUS FORM
- FULL TIME
- PART TIME
FULL TIME SCHOLARSHIP
In full time scholarship the tuition fees and other supplementary fees are been taken care of so the individual has little or nothing to contribute financially through out his/her stay in school.
PART TIME SCHOLARSHIP
For part time scholarship part of the fees especially tuition fees are cleared by the giver of the scholarship while other fees are settled by the individual awarded the scholarship.
Who can obtain a scholarship?
Scholarship can be obtained by any individual or group of persons not necessarily a nerd with a 5.0 GPA. Each scholarship modes has its own qualifications, In other to obtain the scholarship from any scholarship mode one has to meet up with the criteria of that scheme, Some scholarships are endowed based on needs due to lack of fund. For others, you must be a participant of an organization, Be studying a certain course etc.
Regardless of whether you excel in academics, you should be able to find several scholarships that work for you. There are even scholarships intended for students living in a particular state or town. You can continue to apply for scholarships during your college years all the way up to Ph.D. studies.
Where do scholarship resources comes from?
Scholarships resources comes from a variety of different source, including
- Cooperate Bodies (Organization, societies or clubs)
- Businesses(private or public)
- Colleges And Universities
- The Government And Individuals
Any of this mentioned firm can offer financial assistant as scholarship platform to individuals
How can scholarship resources be spent?
Scholarship resources granted in one’s name can be spent on anything, but it’s expedient to spend the money on what it’s intended for. This money is for school expenditures. This could mean tuition, fees, resource materials, text-books, accommodation, food and other miscellaneous that may arise
When you receive the scholarship money the mode of payment depends on the scholarship you won. Sometimes you get the money in one chunk before school begins, and in other cases the money is distributed in installments. Sometimes a scholarship may be paid out in the middle of a semester.