What is Scholarship?
Scholarship is a financial aid given to the students who are either meritorious in academics, sports or in any other curriculum activities or to the students who are in need of financial assistance to pursue their further education. Financial aid given to the students who cannot afford their education or who are in need of financial assistance is also known as ‘Grants’. The best thing about the Scholarships is that it is not a financial loan so the awardee doesn’t need to pay back the scholarship.
The scholarships are offered by many organizations, institutions, colleges, Universities, NGOs, Funds, and by Governments. Every scholarship is based on some criterion and the student who is applying for it must fulfil the criterion mentioned in the scholarship to obtain it. The objective of the scholarship is to promote education. Some scholarships are meant for deprived classes of people who cannot afford their education and some are meant for specific race, groups, class, religion of people to uplift their education like Afro-Americans, Latino students, minority religions, etc.
The other criteria for the grant of scholarships are based on the academic record of the students. Universities and government support the higher education of the highly meritorious student because such students are considered as the assets to the nation so the government financially supports their education by way of scholarships so that their education and mind can be used for the growth and development of the nation and for the society at large.
Scholarships are offered at both national and international level. Below is the list of the most popular top 10 scholarships awarded to the Indian students who want to go for higher studies abroad.
Top Ten scholarships: