A scholarship is a form of financial aid awarded to students for further education. Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
Scholarship criteria usually reflect the values and goals of the donor of the award. While scholarship recipients are not required to repay scholarships, the awards may require that the recipient continue to meet certain requirements during their period of support, such as maintaining a minimum grade point average or engaging in a certain activity (e.g., playing on a school sports team for athletic scholarship holders). [1] [2]
Scholarships also range in generosity; some cover partial tuition, while others offer a 'full-ride', covering all tuition, accommodation, housing and others.
Some prestigious, highly competitive scholarships are well-known even outside the academic community, such as Fulbright Scholarship and the Rhodes Scholarships at the graduate level, and the Robertson, Morehead-Cain and Jefferson Scholarships at the undergraduate level.
While the terms scholarship and grant are frequently used interchangeably, they are distinctly different. Where grants are offered based exclusively on financial need, scholarships may have a financial need component but rely on other criteria as well. [3]
A federal Pell Grant can be awarded to someone planning to receive their undergraduate degree and is solely based on their financial needs. [4]
The most common scholarships may be classified as:
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
U Sports is the national sport governing body for universities in Canada, comprising the majority of degree-granting universities in the country and four regional conferences: Ontario University Athletics (OUA), Réseau du sport étudiant du Québec (RSEQ), Canada West (CW), and Atlantic University Sport (AUS). The equivalent body for organized sports at colleges in Canada is the Canadian Collegiate Athletic Association (CCAA). Some institutions are members of both bodies for different sports.
The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid.
Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in pursuing post-secondary education. Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded through grants, loans, work-study, and scholarships. To apply for federal financial aid, students must first complete the Free Application for Federal Student Aid (FAFSA).
The Ontario Student Assistance Program (OSAP) is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. OSAP determines the amount of money that a student is eligible to receive by considering factors such as tuition, course load, and the financial resources of the student. More than 380,000 students – more than half of all full-time students – received student financial aid in 2014-15.
University admission or college admission is the process through which students enter tertiary education at universities and colleges. Systems vary widely from country to country, and sometimes from institution to institution.
The Helping Outstanding Pupils Educationally (HOPE) Program is a scholarship and grant initiative established in Georgia in 1993. Under the guidance of then-Governor Zell Miller, the program was designed to provide financial aid to exceptional students pursuing degree, diploma, or certificate programs. HOPE is applicable at eligible public and private colleges and universities throughout Georgia, as well as public technical colleges. HOPE is funded entirely by revenue from the Georgia Lottery and is administered by the Georgia Student Finance Commission (GSFC).
A bursary is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school, university or college when they might not be able to, otherwise. Some awards are aimed at encouraging specific groups or individuals into study.
Need-blind admission in the United States refers to a college admission policy that does not take into account an applicant's financial status when deciding whether to accept them. This approach typically results in a higher percentage of accepted students who require financial assistance and requires the institution to have a substantial endowment or other funding sources to support the policy. Institutions that participated in an antitrust exemption granted by Congress were required by law to be need-blind until September 30, 2022.
An athletic scholarship is a form of scholarship to attend a college or university or a private high school awarded to an individual based predominantly on their ability to play in a sport. Athletic scholarships are common in the United States and to a certain extent in Canada, but in the vast majority of countries in the world they are rare or non-existent.
A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions. Originally known as a Basic Educational Opportunity Grant, it was renamed in 1980 in honor of Democratic U.S. Senator Claiborne Pell of Rhode Island to honor his central role in creating the program. A Pell Grant is generally considered the foundation of a student's financial aid package, to which other forms of aid are added. The Federal Pell Grant program is administered by the United States Department of Education, which determines the student's financial need and through it, the student's Pell eligibility. The U.S. Department of Education uses a standard formula to evaluate financial information reported on the Free Application for Federal Student Aid (FAFSA) for determining the student's Expected Family Contribution (EFC).
College admissions in the United States refers to the process of applying for entrance to institutions of higher education for undergraduate study at one of the nation's colleges or universities. For those who intend to attend college immediately after high school, the college search usually begins in the eleventh grade with most activity taking place during the twelfth grade. Applications to many schools are due in October or November of senior year for Early Decision or Early Action, or in December or January of their senior year for Regular Decision, though the timeline may vary depending on the universities, some having an earlier deadline due to the fact that the admissions process may weigh in more on transcripts. Students at top high schools may often begin the process during their tenth grade or earlier. There are considerable numbers of students who transfer from one college to another, as well as adults older than high school age who apply to college.
In college athletics in the United States, recruiting is the process in which college coaches add prospective student athletes to their roster each off-season. This process typically culminates in a coach extending an athletic scholarship offer to a player who is about to be a junior in high school or higher. There are instances, mostly at lower division universities, where no athletic scholarship can be awarded and where the player pays for tuition, housing, and textbook costs out of pocket or from financial aid. During this recruiting process, schools must comply with rules that define who may be involved in the recruiting process, when recruiting may occur and the conditions under which recruiting may be conducted. Recruiting rules seek, as much as possible, to control intrusions into the lives of prospective student-athletes. The NCAA defines recruiting as “any solicitation of prospective student-athletes or their parents by an institutional staff member or by a representative of the institution’s athletics interests for the purpose of securing a prospective student-athlete’s enrollment and ultimate participation in the institution’s intercollegiate athletics program."
The Common Data Set (CDS) is an annual product of the Common Data Set Initiative, "a collaborative effort among data providers in the higher education community and publishers as represented by the College Board, Peterson's, and U.S. News & World Report." The stated goal is to provide accurate and timely data to students and their families while decreasing the workload of administrators. Publishers use the standards and data items defined by the CDS to "ask the same core questions" when making their rankings and publications of institutions. Response data are also used in public accountability efforts such as the Voluntary System of Accountability's College Portrait.
The Federal Work-Study Program originally called the College Work-Study Program and in the United States frequently referred to as just "work-study", is a federally funded program in the United States that assists students with the costs of post-secondary education. The Federal Work-Study Program helps students earn financial funding through a part-time employment program. Approximately 3,400 institutions participate in the program.
The Walter Byers Scholar program is a scholarship program that recognizes the top male and female student-athlete in NCAA sports and that is awarded annually by the National Collegiate Athletic Association (NCAA). The NCAA's considers it its highest academic award. The NCAA initiated the Walter Byers Scholarship program in 1988 in recognition of the service of Walter Byers. The award is a postgraduate scholarship program designed to encourage excellence in academic performance by student-athletes. The recipients each year are the one male and one female student-athlete who has combined the best elements of mind and body to achieve national distinction for his or her achievements, and who promises to be a future leader in his or her chosen field of career service. Winners receive scholarships for postgraduate study.
Scholarships in Korea are assistance programs aimed at helping students in or from South Korea pursue their education. Scholarships come in different forms based on factors such as the duration of study and the applicant's academic qualifications. They have various root aims, including recognizing academic achievement, promoting research and knowledge in specific fields, promoting global academic exchange, and reducing the financial burden on individuals.
The Ontario Graduate Scholarship(s) (OGS) program offers, merit based, annual scholarships to eligible students who will pursue graduate studies in order to complete a master's degree, PhD or doctorate at a university in Ontario, Canada.
A scholarship is defined as a grant or payment made to support a student's education, awarded on the basis of academic or other distinction. "Scholarship" has a different meaning in the United States than it does in other countries, with the partial exception of Canada. Outside the U.S., scholarship is any type of monetary award to fund education. In the United States, the only country with a national system that determines a student's financial need, and where universities are far more expensive than in other countries, a scholarship is money for which the student must qualify in some way, and the term "grant" - an award the student receives because of financial need - is used for what in other countries are called scholarships.
Financial issues facing students in the United States include the rising cost of tuition, as well as ancillaries, such as room and board, textbook and coursework costs, personal expenses, and transportation.
{{cite journal}}
: Cite journal requires |journal=
(help)in British English: 'a scholarship which anyone can apply for'