Benefits of a Scholarship Scholarships are the most desirable form of financial aid thus financial assistance is important for many university students. Many scholarships are based on merit or awarded as recognition for certain achievements. There are also other types of scholarships which are needs-based. Either way, they are beneficial because they are seen as prestigious and can enhance ones resume as well as help you pay for school fees. In a similar way to grants, scholarships do not have to be repaid. Here are some of the main advantages of earning scholarships. It’s important for students to understand the bigger picture as to why scholarships are essential particularly for those who want to graduate from the university. Here are the top five reasons why you Should apply for scholarships in 2017. Finance Aid Many students are unable to get an education because of their inability to pay their fees. As scholarships are essentially free money, students can focus on their academic success and future careers instead of worrying about how they will pay their fee. By removing financial barriers, scholarships make education and career goals easier to achieve. Educational Benefit Having a scholarship that pays for your education reduces the risk of students dropping out and not getting a degree. By reducing financial concerns, scholarships also means more time for learning and studying, which can lead to better grades and increase the chances of students continuing on to postgraduate studies. Career Benefit Earning a scholarship can make one a more attractive job candidate. Employers who understand the competitive nature of the scholarship will recognize it as an accomplishment and demonstrates that such candidate has excellent academic capabilities. Scholarships are accomplishments worth listing on resumes Personal Benefit The money and security afforded by having a scholarship allow candidates to be more selective regarding how they spend their free time. Students can then use this time wisely and make the most of it. For example, instead of students working at any minimum-wage job, they can easily get internship positions in organisations which will add value to their degree.
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