How does scholarships work

Companies or associations will often offer scholarships to promote studies in their field. Most scholarships are offered based on the merit of a candidate. This can include academic achievement, talents in a sport, or any other skill such as leadership or volunteering in the community. As the main goal of scholarships is to help students pay for their education, financial need is often taken into consideration. It is important to know the difference between scholarships, bursaries, and grants.

Some students might even think that scholarships, bursaries, and grants represent the same thing. The main difference between scholarships, bursaries, and grants is the way they are offered.

Typically, bursaries are offered to students depending on the financial situation of their parent or guardian. An example of this would be a grant offered to students studying in a specific medical field due to a shortage of professionals in that field.

The grant will motivate more students to complete their studies in that field and then go into practice, filling the shortage of professionals. Grants can also sometimes be financial aid to support projects done by students or in collaboration with academic faculty. This can include funding a research project or funding work in the community done for university credit in a program.

Make sure you to get clarity on what kind of grant it is before you apply. The easiest way to find the scholarships you are eligible for is to focus your scholarship search on the subject or program you are going to study at your college or university.

As there is a broad range of scholarships available for different fields, you can save yourself some time by deciding on your field and starting from there. After you have decided on the field you are going to study in, it is time for you to pick the universities that you are interested in studying at.

Do you want to study at a university in your province? Or do you have your eyes set on some other university out of province? Many, but not all, scholarships are merit-based. Merit-based scholarships are awarded to students by exceeding certain requirements set by the scholarship-giver.

There are also need-based scholarships. Psst…Wanna know more about grants? Learn about the difference between a grant vs. Many scholarships are available to particular groups. For instance, do you give back to Mother Earth? There are scholarships for students who are passionate about green living. Are you going to graduate school? Scholarships for graduate students can be found through a variety of organizations, companies, and civic groups to help fund your studies. No matter what your background, grades, interests, or financial situation, there are college scholarship opportunities out there for everyone.

We offer students thousands of dollars in scholarships each month. And did we mention how ridiculously easy they are to apply for?

Just create your Tallo profile, brag about yourself a little, tell us about your interests, and our platform will connect you with all sorts of scholarship opportunities.

We even offer two easy Tallo scholarships each month — all you have to do is create a profile to enter to win. If you want to broaden your scholarship search, here are a few additional sources of information about scholarships:.

There are literally millions of scholarships available for up-and-coming college students, and almost as many ways to earn them. It just takes time and effort to find them, which is exactly want to help you with. The short answer: money awarded to a student for the purpose of academic study. At first glance, scholarships, grants, and financial aid sound pretty similar. However, they have a few key differences:. Financial aid is the blanket term for any financial assistance a student may need for college—whether that help comes in the form of a grant, loan, or scholarship.

Student loans are borrowed money that is basically freely available to anyone, and they do need to be paid back. With interest. Scholarships fall into neither of these categories. Scholarships are privately-funded, free gifts of money. When I was a student considering scholarship application, I imagined getting a full ride to whichever college wanted me most.

Communities, religious institutions, and even private citizens all want you to earn your degree. Here are your basic scholarship categories:. Academic Scholarships - awarded based on academic performance throughout high school.

Athletic Scholarships - awarded based on performance in a sport. Minority Scholarships - awarded to students who ethnically represent a minority.

Women Scholarships - awarded to women typically career-minded ones. Creative Scholarships - awarded to students of the arts based on artistic performance. Community Service Scholarships - awarded based on leadership or involvement in the community. Competition Scholarships - awarded based on performance in a competition.