Scholarships: A scholarship is an award of financial aid for a student to further their education. Scholarships are awarded on various criteria, which usually reflect the values and purposes of the donor or founder of the award.
Student loans: A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in education. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy.
Financial Aid: Funding that is intended to help students pay education-related expenses including tuition, fees, room and board, books, and supplies for education at a college, university, or private school. General governmental funding for public education is not called financial aid, which refers to awards to specific individual students. Certain governments, e.g., Nordic countries, provide student benefit. A scholarship is sometimes used as a synonym for a financial aid award, although grants and student loans are also components of financial aid packages from students’ intended colleges.
Scholarship: Scholarship as a form of financial aid,the most common scholarships may be classified as:
Merit-based: These awards are based on a student’s academic, artistic, athletic or other abilities, and often factor in an applicant’s extracurricular activities and community service record. The most common merit-based scholarships, awarded by either private organizations or directly by a student’s intended college, recognize academic achievement or high scores on standardized tests. Most such merit-based scholarships are paid directly by the institution the student attends, rather than issued directly to the student.
Need-based: In the United States, these awards are based on the student and family’s financial record and require applicants to fill out a Free Application for Federal Student Aid (FAFSA) to qualify if the scholarship is a federal award. Private need-based scholarships also often require the results of a FAFSA, which calculates a student’s financial need through a formula that looks at the expected family contribution and cost of attendance at the intended college.
Student-specific: These are scholarships where applicants must initially qualify by gender, race, religion, family and medical history, or many other student-specific factors. Minority scholarships are the most common awards in this category.[citation needed] For example, students in Canada may qualify for a number of aboriginal scholarships, whether they study at home or abroad.[citation needed] The Gates Millennium Scholars program is another minority scholarship funded by Bill and Melinda Gates for excellent African American, American Indian, Asian Pacific Islander American and Latino students who enroll in college.
Career-specific: These are scholarships a college or university awards to students who plan to pursue a specific field of study. Often, the most generous awards to students who pursue careers in high-need areas such as education or nursing. Many schools in the United States give future nurses full scholarships to enter the field, especially if the student intends to work in a high-need community.
College-specific: College-specific scholarships are offered by individual colleges and universities to highly qualified applicants. These scholarships, given on the basis of academic and personal achievement, usually result in either a full-ride to the college, or for a reduced rate of tuition.
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.
Pell grant: A Pell Grant is money the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with financial need, who have not earned their first bachelor’s degree or who are not enrolled in certain post-baccalaureate programs, through participating institutions
Grant: Grant are non-repayable funds disbursed by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of “Grant Writing” often referred to as either a proposal or an application is usually required.
Grants: The grant writing process involves an applicant submitting a proposal (or submission) to a potential funder, either on the applicant’s own initiative or in response to a Request for Proposal from the funder. Other grants can be given to individuals, such as victims of natural disasters or individuals who seek to open a small business. Sometimes grant makers require grant seekers to have some form of tax-exempt status, be a registered nonprofit organization or a local government.
Sponsorship: Sponsorship is a cash and/or in-kind fee paid to a property (typically in sports, arts, entertainment or causes) in return for access to the exploitable commercial potential associated with that property, according to IEG.
Fulbright scholarship: The Fulbright Program, including the Fulbright-Hays Program, is a program of competitive, merit-based grants for international educational exchange for students, scholars, teachers, professionals, scientists and artists, founded by United States Senator J. William Fulbright in 1946. Under the Fulbright Program, competitively selected U.S. citizens may become eligible for scholarships to study, conduct research, or exercise their talents abroad and citizens of other countries may qualify to do the same in the United States. The first participating university in the United States was George Washington University in Washington, D.C.
College scholarships: A full list of college scholarships is available on the Fees, Funding & Scholarship Search.
Grants for college: Apply to receive funding for attending a college or university. If eligible, you can get financial aid and not have to pay it back.
Scholarships for college: Search for scholarships with our free scholarship matching service, get student financial aid and find money to pay for college.
Coca cola scholarship: Listing of scholarships sponsored by the Coca-Cola Foundation.
Scholarships for women: Being a woman can have several benefits and this includes scholarships and grants for women. There are numerous awards that you may qualify for to help with your college finances.
Scholarships for college students: Comprehensive list of scholarships for college students. 1000′s of college and university level scholarships.
Scholarships for high school seniors: Comprehensive list of scholarships for high school students. High school seniors and juniors will find detailed college scholarships.
College Grants: We have simplified the search for college grants, your complete and one stop resource for finding college funding you don’t have to pay back!
Hispanic scholarship fund: Hispanic Scholarship Fund provides financial support for Latinos going to college and educates students and families about the resources available for paying for college outside of HSF.
GEAR UP scholarship: Pennsylvania GEAR UP (Gaining Early Awareness and Readiness for Undergraduate Programs) Scholarship Program is a federally funded program that supports college readiness through early intervention activities in middle and high schools.
GEAR UP offers a scholarship for postsecondary education. PHEAA administers this scholarship on behalf of the Pennsylvania State System of Higher Education (PASSHE).
Minority scholarship: The Vanguard Minority Scholarship Program provides merit-based scholarships of up to $10,000 to students entering their junior or senior year of college during the 2013 school year. The program’s goal is to remove financial barriers for minority students who demonstrate academic excellence and leadership potential. Students must be pursuing studies in business, finance, economics, or accounting. Scholarship funds can be used for tuition, fees, books and supplies.
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