2015 SRNS Family Scholarships (35559759033)

A scholarship is a form of financial aid awarded to

students A student is a person enrolled in a school or other educational institution. In the United Kingdom and most commonwealth countries, a "student" attends a secondary school or higher (e.g., college or university); those in primary or elementary ...

for further education. Generally, scholarships are awarded based on a set of criteria such as academic merit,

diversity and inclusion The business case for diversity stems from the progression of the models of diversity within the workplace since the 1960s. In the United States, the original model for diversity was situated around affirmative action drawing from equal opportunit ...

, athletic skill, and financial need. Scholarship criteria usually reflect the values and goals of the donor of the award, and while scholarship recipients are not required to repay scholarships, the awards may require that the recipient continue to meet certain requirements during their period of support, such maintaining a minimum

grade point average Grading in education is the process of applying standardized measurements for varying levels of achievements in a course. Grades can be assigned as letters (usually A through F), as a range (for example, 1 to 6), as a percentage, or as a numbe ...

or engaging in a certain activity (e.g., playing on a school sports team for athletic scholarship holders). Scholarships also range in generosity; some range from covering partial

tuition Tuition payments, usually known as tuition in American English and as tuition fees in Commonwealth English, are fees charged by education institutions for instruction or other services. Besides public spending (by governments and other public bo ...

ranging all the way to a 'full-ride', covering all tuition, accommodation, housing and others. Some prestigious, highly competitive scholarships are well-known even outside the academic community, such as

Fulbright Scholarship The Fulbright Program, including the Fulbright–Hays Program, is one of several United States Cultural Exchange Programs with the goal of improving intercultural relations, cultural diplomacy, and intercultural competence between the people of ...

and the Rhodes Scholarships at the graduate level, and the Robertson, Morehead-Cain and Jefferson Scholarships at the undergraduate level.

Scholarships vs. grants

While the terms ''scholarship'' and '' grant'' are frequently used interchangeably, they are distinctly different. Where grants are offered based exclusively on financial need, scholarships may have a financial need component but rely on other criteria as well. * Academic scholarships typically use a minimum

grade-point average Grading in education is the process of applying standardized measurements for varying levels of achievements in a course. Grades can be assigned as letters (usually A through F), as a range (for example, 1 to 6), as a percentage, or as a numbe ...

standardized test A standardized test is a test that is administered and scored in a consistent, or "standard", manner. Standardized tests are designed in such a way that the questions and interpretations are consistent and are administered and scored in a predete ...

score such as the ACT or SAT to narrow down awardees. * Athletic scholarships are generally based on athletic performance of a student and used as a tool to recruit high-performing athletes for their school's athletic teams. * Merit scholarships can be based on a number of criteria, including performance in a particular school subject or club participation or community service. A federal Pell Grant can be awarded to someone planning to receive their undergraduate degree and is solely based on their financial needs.

Types

Admiral hands out scholarship money DVIDS319434

The most common scholarships may be classified as: * Merit-based: These awards are based on a student's academic, artistic, athletic, or other abilities, and often a factor in an applicant's extracurricular activities and community service record. Most such merit-based scholarships are paid directly by the institution the student attends, rather than issued directly to the student. * Need-based: Some private need-based awards are confusingly called scholarships, and require the results of a FAFSA (the family's

expected family contribution In the post-secondary education system of the United States, an expected family contribution (EFC) is an estimate of a student's, and for a dependent student, their parent(s)' or guardian(s)', ability to pay the costs of a year of post-secondary ed ...

). However, scholarships are often merit-based, while grants tend to be need-based. * Student-specific: These are scholarships for which applicants must initially qualify based upon gender, race, religion, family, and medical history, or many other student-specific factors. Minority scholarships are the most common awards in this category. For example, students in Canada may qualify for a number of Indigenous scholarships, whether they study at home or abroad. The Gates Millennium Scholars Program is another minority scholarship funded by Bill and Melinda Gates for excellent African American, American Indian, Asian Pacific Islander American, and Latino students who enroll in college. * Career-specific: These are scholarships a college or university awards to students who plan to pursue a specific field of study. Often, the most generous awards go to students who pursue careers in high-need areas, such as education or nursing. Many schools in the United States give future nurses full scholarships to enter the field, especially if the student intends to work in a high-need community. * College-specific: College-specific scholarships are offered by individual colleges and universities to highly qualified applicants. These scholarships are given on the basis of academic and personal achievement. Some scholarships have a "bond" requirement. Recipients may be required to work for a particular employer for a specified period of time or to work in rural or remote areas; otherwise, they may be required to repay the value of the support they received from the scholarship. This is particularly the case with education and nursing scholarships for people prepared to work in rural and remote areas. The programs offered by the uniformed services of the United States ( Army, Navy, Marine Corps, Air Force, Coast Guard, National Oceanic and Atmospheric Administration Commissioned Officer Corps, and Public Health Service Commissioned Corps) sometimes resemble such scholarships. * Athletic: Awarded to students with exceptional skill in a sport. Often this is so that the student will be available to attend the school or college and play the sport on their team, although in some countries government funded sports scholarships are available, allowing scholarship holders to train for international representation. School-based athletics scholarships can be controversial, as some believe that awarding scholarship money for athletic rather than academic or intellectual purposes is not in the institution's best interest. * Brand: These scholarships are sponsored by a corporation that is trying to gain attention to their brand, or a cause. Sometimes these scholarships are referred to as branded scholarships. The

Miss America Miss America is an annual competition that is open to women from the United States between the ages of 17 and 25. Originating in 1921 as a "bathing beauty revue", the contest is now judged on competitors' talent performances and interviews. As ...

beauty pageant is a famous example of a brand scholarship. * Creative contest: These scholarships are awarded to students based on a creative submission. Contest scholarships are also called mini project-based scholarships, where students can submit entries based on unique and innovative ideas. *"Last dollar": can be provided by private and government-based institutions, and are intended to cover the remaining fees charged to a student after the various grants are taken into account.Kelchen, Robert. (April 17, 2014).
The Political Attractiveness of "Last-Dollar" Scholarships
, '' Washington Monthly''. Retrieved February 25, 2016. To prohibit institutions from taking last dollar scholarships into account, and thereby removing other sources of funding, these scholarships are not offered until after financial aid has been offered in the form of a letter. Furthermore, last dollar scholarships may require families to have filed taxes for the most recent year, received their other sources of financial aid, and not yet received loans.

Notable scholarships

Name of scholarship with institution and/or sponsoring organisation

* Chevening Scholarship: Foreign & Commonwealth Office (UK) * China Scholarship Council Scholarship: Government of China * Commonwealth Scholarship: Commonwealth governments * Coca-Cola Scholarship: the Coca-Cola Company *

Endeavour Awards The Endeavour Leadership Program, formerly Endeavour Scholarships and Fellowships, formerly Endeavour Awards, was an internationally competitive, merit-based scholarship programme that formed part of the Australian Government's $1.4 billion Austr ...

: Government of Australia *

Erasmus Mundus The European Union's Erasmus Mundus programme (named after Erasmus, the Renaissance scholar) aims to enhance quality in higher education through scholarships and academic co-operation between the EU and the rest of the world. The three main objecti ...

: European Union *

Gates Cambridge Scholarship The Bill and Melinda Gates Foundation established the Gates Cambridge Scholarships in 2000 with a $210 million donation to support outstanding graduate students' study at the University of Cambridge. The scholarship is one of the most competitiv ...

: Bill & Melinda Gates Foundation; University of Cambridge * Jardine Scholarship: Jardine Matheson; Universities of Oxford and Cambridge * Marshall Scholarship: UK universities * Mitchell Scholarship: US-Ireland Alliance *

Morehead-Cain Scholarship The Morehead-Cain Scholarship (originally the Morehead Scholarship) was the first merit scholarship program established in the United States. It was founded at the University of North Carolina at Chapel Hill in 1951 and was named for its benefact ...

: University of North Carolina * Foundation Scholarship: Trinity College Dublin *

Rhodes Scholarship The Rhodes Scholarship is an international postgraduate award for students to study at the University of Oxford, in the United Kingdom. Established in 1902, it is the oldest graduate scholarship in the world. It is considered among the world' ...

: University of Oxford * Schwarzman Scholars: Tsinghua University

Scholarships vs. grants

Types

Notable scholarships

Name of scholarship with institution and/or sponsoring organisation

See also

References

Further reading