Scholarships provide another resource for financing the cost of higher education. Information on financing college through scholarships is typically available at the office of financial services at each university. Additionally, students can find a variety of scholarships by utilising the Internet to augment their search. Their best bet is to visit the office of financial services at your institution of higher learning in order to get a comprehensive list of the scholarships available.
Typically, scholarships are based on merit rather than financial need. However, some scholarships are targeted toward those who have significant academic achievement in spite of economic hardship. The amount of money dispersed will differ depending on the scholarship applied for. Some may cover the cost of attendance in its entirety, whereas others may cover the cost of books or other materials.
Scholarship committees typically look at all aspects of the applicant including school marks, family situation, economic hardship, and work experience. These scholarship committees gauge the eligibility of the applicant with respect to how the student has succeeded in their coursework in spite of any potential hardships. Scholarship committees also base their decision on whether or not they feel the candidate demonstrates a high level of commitment toward future coursework.
Students should apply for multiple types of financial aid, including loans from the government, grants, bursaries and scholarships. The deadlines for most scholarship programmes will be different depending on the scholarship being applied for. However, one should absolutely start researching the available scholarships as soon as deciding on their course of study. Additionally, students are encouraged to apply for as many scholarships as possible as money dispersed from one scholarship will not affect the eligibility for another, separate scholarship. Please see the article on Need Based Financial Aid to learn more about additional ways to finance higher education.