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With university, sometimes a little  extra goes a long way, and having something like a university scholarship, will only help you out more.A Scholarship is something that a lot of students look into when going to university and all universities will offer financial support to their students, should they require them.Here, we will take a look into the scholarship meaning and see what are some of the more well-known scholarships in the UK.

For colleges and universities, scholarships are financial aid awards designed to help students pay for an undergraduate degree. Sometimes a scholarship is a one-time check. Other school scholarships are renewable and provide money for students each semester or school year. These awards differ from student loans in that they don’t have to be repaid.

Students might receive the money directly as a check in their name. In other cases, the money is given to the student’s school. In these cases, the student would then pay the school for the difference on any money owed for tuition, fees, room and board. If the scholarships and other forms of financial aid are enough to cover the direct college costs, the excess money is refunded to the student.

Scholarships come from a variety of different sources, including clubs, organizations, charities, foundations, businesses, colleges and universities, the government and individuals. Colleges and universities offer financial assistance in the form of merit aid as well, so don’t forget to contact the schools you are considering to see if you qualify for any merit aid.

What is a scholarship?

A Scholarship is a form of financial aid, provided to a student by a university to further their education.Scholarships do exist at level and also further for A Level, but for university students, they are depedent on certain criteria. Scholarships usually come from independent third parties, although universities do offer them too, this means that universities and third parties are free to draw up their own criteria for scholarship qualification. Thankfully, a student does not need to pay a scholarship back. So whether you have a Fulbright scholarship, Chevening scholarship, Commonwealth scholarship or even a Rhodes scholarship, you will not have to pay them back, in any way.

There are lots of different ways to go about applying for a university scholarship, but the first thing to do is to go looking for a scholarship first.Once you have found the scholarship of your liking, you will then need to apply for it through that scholarship’s website or through an affiliate site (usually the site of the company/third party that offers it) and then go from there.

different types of scholarship that I can apply for?

The different types of scholarships available:

  • Academic Excellence Scholarships: many universities offer scholarships to students who achieve specified grades in their A Levels to encourage the higher achieving students to choose their university. They are not all asking for A*AA, some are offering money for ABB or less.
  • Musical Scholarships: If you are good at singing or playing a musical instrument, and would be happy to perform during your stay at the university, you could be awarded with a musical scholarship. You do not have to be studying Music to be eligible.
  • Personal Circumstances: Scholarships that are based on your personal circumstances, such as where you come from, if you are a care leaver, what your parents do for a living or your religion. These might come from local authorities or religious organisations or charities.
  • Financial Need: These are the more traditional type of scholarships which award money to individuals who are in financial need and may not be able to attend university without the money. These are often called grants or  bursaries and you may need to prove your financial situation to be awarded.
  • Sporting achievement: If you have made outstanding achievements in sport, many universities will offer scholarships to attract the best talent. You will, of course, have to compete for the university in your sport.
  • Company scholarships: More and more companies are starting to offer scholarships and some include work experience as part of the offer. Industry Associations are also using scholarships to encourage new talent to join their profession. Females  Studying engineering  are in particular demand.
  • Your interests and hobbies: there are some scholarships which are based on your extra-curricular activities such as showing a commitment to social engagement or improving the lives of others.
  • Other scholarships: increasingly there are more scholarships being offered by companies, where all students have to do is submit an essay or video. Quite a few are coming from America, where scholarships are much more commonplace and these American companies are now opening up their scholarships to UK students. Others are from UK companies who are starting to realise the opportunities of this scheme.

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