A scholarship program is a form of financial aid that is awarded to students to help them with their education. They can be provided by government agencies, universities, non-profit organisations, businesses and private individuals. Some are merit-based while others are need-based and are designed to provide students with a full ride covering tuition fees, accommodation, meals and travel. Scholarships can be awarded for a wide range of criteria including academic achievements, diversity and inclusion, athletic ability, research experience, specific skills or interests, as well as community service.
Scholarships can be awarded by universities and colleges to attract the best students in their areas of expertise. For example, the NYS STEM Incentive Scholarship provides full CUNY tuition scholarships to top NYS high school graduates who agree to study a STEM subject in the state and to work in the relevant field after graduation. There are also a number of scholarships available for students from specific regions or who demonstrate particular talent or interests, such as music, science, art, and sports.
Many scholarships are paid directly to the student, with the award based on the criteria and process set out in the application. This method of payment can significantly reduce a student’s financial burden, helping them to focus more on their studies. However, it is important to remember that this money is not for splurges on video games or concert tickets and that students must carefully manage their expenses in accordance with the scholarship terms.
About the Author
