Students are always eager to accept a scholarship award due to the stress they went through during application. Other reasons could be the frustration they went through waiting and waiting for a scholarship to click for them.
Also, the pressure they put on themselves or from peers and parents can be overbearing. Hence, once they see one they rush to accept it without looking closely at it. Be it as it may, you are encouraged to calm down and look at things to put into consideration before accepting a scholarship.
However, we know finally getting a scholarship after so much effort during the application process is a very good reason to heave a big sigh of relief. You are admonished to take your time to process what you are going into.
Type Of The Scholarship
Knowing the type of scholarship you will be getting is a good step in the right direction. This is because it will help save you from unwanted stress in the future. Moreover, you should know that there are different types of scholarships which include;
- Fully-Funded scholarship;
- Partial-Funded scholarship;
- Small scholarship.
Read our article on ‘How Much Money Can A Scholarship Give Me’ to have the full information on the types of scholarships.
Therefore, having known that, you will know if the scholarship is a partial one. If that is the case, you should know that you might have to re-apply/renew it. This is actually dependent on the requirements of the scholarship. The value of the scholarship is also important. For example, if you’re being offered a large enough scholarship to cover all of your attendance costs, you’d have to weigh that against the requirements you’re expected to meet.
All scholarships have to do with maintaining a good GP during your stay in school. However, there are other requirements that can be inclusive depending on the type of scholarship you are getting. Other requirements may include;
- Maintaining a personal code of morality or ethics;
- Attending religious services regularly;
- You can find jobs on-campus and work for a certain number of hours per week while you’re studying;
- Working in a specific career field or geographic area after graduation;
- Participating in an internship or residency;
- Volunteering or performing community service for a set number of hours weekly or monthly.
In conclusion, adhere to these requirements to ensure you do not lose the scholarship. Adhere to this every year depending on the type of scholarship.
Scholarship Restrictions simply mean the things you feel will stop you or be a hindrance to you upon acceptance of the scholarship. For instance, they are some scholarships that require you to be in a particular region. If you are not there you might miss the scholarships. Also, some others may require you are of a particular religion or be of social status. In addition, there are some that will not allow you to stay off the campus to have the scholarship.
Hence, you need to read the fine print thoroughly to know what you are getting into. Your school’s financial aid office and the organization sponsoring the scholarship should be able to give you the rundown on any restrictions or limitations associated with it.