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Different Types of Scholarships

Unlike Student Loans and Consolidations, financial aids like Undergraduate Scholarships and Graduate Fellowships need not be repaid. The ever growing cost of education has always been an issue of concern to students like us. Hence hundreds of scholarship schemes worth thousands of dollars are being offered by a number of sponsors every year in order to meet the growing expenditure.

The scholarships offered belong to the following categories namely:

1- Prestigious Scholarships and Fellowships
Scholarship is an award or financial aid to a student for the purpose of furthering his/her education. Fellowships are generally monetary rewards at the graduate or post graduate level, for working in a particular field, they receive stipend, which are slightly above the living wages.
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2- Fulbright Scholarships
The Fulbright scholarship was introduced by Senator J. William Fulbright of Arkansas in 1946. This program aims at improving the understanding between the US and the other nations of the world by way of student exchange programs, thereby knowledge, skill and talent. It provides funds for undertaking study and research to professionals, students and scholars.
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3- Scholarship for students below 13 years of age
A variety of scholarships are offered to students below 13 years of age. Among the wide range of scholarship schemes present, some of them are specifically constituted to encourage students below 13 years of age. Information about such scholarships is not widely available over the net.
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4- Scholarships for overseas students
Exhausted searching about scholarships for international students! Well it happens, as most of the websites have information only on those scholarships that benefit students who are US citizens and not foreign nationals. A number of scholarship schemes provide benefit and support to foreign nationals or international students.
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5- Average Students Scholarship
Any scholarship that does not count on your grade points in studies is categorized as Scholarships for Average Students. In short these scholarships require you to excel in fields other than academics.
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6- Full Academic Scholarships
Full Academic Scholarships are for academically excellent students. They are highly competitive and fully based on the student’s academic performance and talent unlike being a component of the total scheme. Years of dedication and hard work displayed in the form of grades and GPAs are recognized in the form of grants and scholarships.
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7- Service Scholarships
Your involvement in community service and helping attitude can fetch you scholarships to fund your education. Doesn’t that sound great? Yes, if you are a person who enjoys serving people in your community and do a lot of volunteering job this type of a scholarship is the perfect one for you.
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8- Unusual Scholarships
Unusual Scholarships are based on odd/ unique characteristics of individuals and their exceptional talents. There are scholarships just for left handed students; another popular scholarship is the Duck Brand Duct Tape Dress Scholarship, where you and your date’s attire should be made of a duct tape.
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