Project Details

Trust Description

Scholarship is financial aid awarded to a student on a certain basis, usually primarily based on academic merit. They can be based on several eligibility criteria such as needs, country or region of origin, gender, field of study, etc. Scholarship money does not have to be repaid as it is not a loan. Scholarships are a wonderful way to help students pursue their education - usually higher education.

Scholarships are usually able to provide for various costs related to higher education. A scholarship is often a one-time payment. Other scholarship awards are renewable, they provide funding to students each academic year or semester for a certain number of years or a full period of study. Scholarships can be fully funded or partially funded which means they can cover all costs or a part of it.

In some cases the scholarship money is made in the name of the student and paid directly to them. The money is, on other occasions, given to the student's institution or school. In these instances, the institution is paid by the student for any money discrepancy due for tuition, room and board, and other fees. In the event the scholarship is sufficient to provide for direct higher education costs, surplus funds are reimbursed to the student.