What Is a Scholarship?

A scholarship is “an amount of money given by a school, college, university, or other organization to pay for the studies of a person with great ability but little money.

Differences between Scholarships and Grants

Both scholarships and grants are types of gift aid, which means students do not need to pay the money back. But grants are usually need-based, and often go to young people who cannot afford the costs of their studies. In contrast, most scholarships are awarded based on academic, athletic, or artistic abilities.

Who can Apply for Schlarships?

Anyone who meets the application requirements can apply.

Wat Types of Scholarships are out there?

The following are the most common types of scholarships you can apply for your studies abroad:

1. Scholarships for excellent academic results (also called merit scholarships)

2. Scholarships for research, artistic, or athletic achievements

3. Scholarships for students with low incomes

4. Scholarships for under-represented groups (e.g. women, Hispanic and African-American students, citizens from developing countries)

5. Scholarships for all international students.