A scholarship endowment is a fund a college uses to pay for scholarships. The fund may be general in nature or it could cover a specific scholarship, depending on how the institution sets it up. Colleges rely on such funds to provide financial assistance to needy or deserving students, and the money is subject to special tax treatment, allowing…
There are a few key differences between financial aid and scholarships. First, some forms of financial aid, primarily loans, will need to be paid back, whereas scholarships are awards that never need to be paid back. In addition, financial aid is typically based on need. Although scholarships may also be need-based, this is not always the case;…
A full-ride scholarship is a good way to afford going to college without being saddled with debt after graduation. No matter how large or small the school, a it’s difficult to win a scholarship that will pay for all of your expenses. There are several things that make a student more attractive to schools, however,…
To receive a need-based scholarship, a student needs to demonstrate evidence of financial need to meet scholarship criteria. A number of types of scholarships designed to provide financial assistance to needy students are available. Students should be aware that criteria can vary, and not qualifying for one doesn’t mean they have no hope of need-based financial assistance….
When applying for different types of scholarships, it is a good idea to develop an organizational system so that you can complete your scholarship applications in a timely fashion and get them sent out to scholarship providers before their respective submission deadlines. It is important to familiarize yourself with the requirements for each scholarship program…
The Rhodes Scholarship is a prestigious, full-ride scholarship to study a degree course at Oxford University, UK. The scholarship was established in 1902, after the death of Cecil Rhodes, with a legacy he left for this purpose. It is managed by the Rhodes Trust. The principle aim of the full ride scholarship is to provide…
The Hope Scholarship Credit, or Hope Credit, is a tax credit offered by the US Government for expenses paid for higher education. A tax credit means that the benefit is applied after taxes are deducted whereas a tax deduction means that the benefit is used to reduce the amount of taxable income — the value on which taxes owed for a given…
A scholarship pageant is a competition offering scholarships to participants. It is run much like a traditional beauty pageant where participants are judged on presentation and appearance, but may include a service and talent element. Organizations around the world host scholarship pageants offering a variety of prizes. Competitors may be eligible for prize money even…
Many people are surprised to learn there are many culinary school scholarship programs available today. This is because in many instances the prospective students do not know where to look for them. In actuality, you can find information on the scholarships by looking in three specific areas: benefactors, businesses, and foundations. In terms of benefactors, it is…
Being awarded an athletic scholarship may seem out of reach, but one in fifty students receives such an award. If you have athletic ability, good grades and determination, winning an athletic scholarship is very possible. Probably the biggest mistake students make when seeking an athletic scholarship is in being too passive. Many students feel that…
When you apply for a scholarship, in most cases you will need to supply detailed information such as a completed application, transcripts, and an essay. In addition, though, you may also want to include a brief scholarship cover letter to introduce yourself and state why you are applying for the scholarship. It may or may not be…
Government grants and scholarships can both be valuable sources of financial assistance for students who need help with their educations. These two sources of funding work in different ways, and it can be useful to know about the difference between them when preparing to apply for financial aid. As a general rule, college financial aid offices maintain a list…