Education has become an expensive investment in recent years. Every child deserves a decent education, but many cannot afford it, particularly those from low-income families, willing to pursue higher education. Scholarships prove to be a lifeline for students, in such situations. Scholarship is the financial assistance given to a student, for the purpose of education, based on academic success or other factors including financial need.

Why’s Scholarship required?

A scholarship is an excellent method to fund your studies, enabling you to focus on obtaining your degree, rather than worrying about the finances associated to pursue the same.. Scholarships allow students to obtain education that they would not have been able to obtain otherwise, and are thus more than just cash aid for many students. They raise brand awareness for sponsoring businesses among students looking to advance their careers, and allow them to pursue higher education conveniently.

There are different types of scholarships available that can help students achieve their goals without worrying about finances viz.

These scholarships are awarded to students who have excelled in education. If you think you stand out from the crowd, you can apply to colleges that offer merit-based scholarships. To earn Merit-based Scholarships the students do not need to prove their financial requirements.

Such scholarships are awarded based on students’ socio-economic circumstances, rather than solely on their merit. This frequently indicates that the student’s family’s household income does not surpass a certain threshold.

The Government of India and state governments offer numerous scholarships to students studying at various levels. The goal of these government scholarships is to make education available to everyone, regardless of caste, creed, or status.

Sports scholarships are an excellent way to obtain financial assistance for higher education, as there are fewer applicants in this category, as compared to others. Some sports scholarships cover all expenditures, while others only cover a portion of them. Ascertain that you completely comprehend the terms of any scholarships you may be awarded.

Depending on the scholarship you receive, you may need to find additional financing to entirely cater to your college education.

Unfortunately, gender is still one of the primary concerns when it comes to a family’s investment in their child’s schooling. While this is not true everywhere, it is still a significant consideration in some parts of India. To help women, the government and some local organisations ,provide varied scholarships to female students.