Different Categories of Educational Scholarships
Discover the various types of scholarships available for students including need-based, merit-based, field-specific, bond, and athletic scholarships. Learn about eligibility criteria and benefits to make informed decisions about funding your education this decision-making guide.
Different Categories of Educational Scholarships
Scholarships serve as financial support programs aimed at helping qualified students afford higher education. Presently, contributions from individuals and organizations amount to billions of dollars globally, enabling talented students lacking financial resources to access quality education. Various scholarship types exist, requiring students to do some research to identify which ones they qualify for.
Need-based scholarships are awarded based on a student's current financial situation and ability to pay for college.
Merit-based scholarships reward students for consistent academic excellence or achievements in sports, arts, music, dance, or other extracurricular activities.
There are also scholarships dedicated to students interested in particular fields of study or research, frequently supported by related industries like biomedical sciences, soil chemistry, or nursing.
Some institutions offer scholarships to highly qualified students following comprehensive assessment processes. These are typically awarded to students who want to study at a specific college or university.
Athletic scholarships are awarded to outstanding athletes who wish to continue their sports activities while studying. While these can help talented sportspersons access education, opinions vary on their impact on academic standards, with some believing they may lower academic rigor.
Each scholarship type outlined here has specific eligibility criteria set by the awarding institution, which applicants must meet to qualify.
