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Importance of Scholarship | 05 Benefits of Fellowship Scheme For Education


Importance of Scholarship           

Importance of Scholarship: Currently, there is Importance of Scholarship, because, it is available in a variety of shapes and sizes for those, who want to pursue higher education, but, they are suffering from financial crisis.

Students, who want to know how Fellowship Scheme will helpful for education, then you need to read this article very carefully. Below listed 05 benefits of Scholarship scheme will surely helpful and assist you to understand the Importance of Scholarship.

How Scholarship Scheme Will Helpful For you?

A scholarship program or scheme is a financial help that is given to a scholar on the basis of their educational achievements. By getting a fruitful Fellowship Scheme, you can easily pursue their further studies.

Students must have to know that, what the Importance of Scholarship is? Because it is a key of financial help to get the higher education. So, go through this article thoroughly and get complete information about Importance of Scholarship. 

What Types of Scholarships are Available?

Many scholarships are based on merit of the candidates. On the other hand, some also take into account financial need. Scholarships do not have to be repaid. If a student can fill out 10 scholarship applications in a year or per a semester then it is much more likely that free money will to come to you.
  • Merit-Based Scholarships (Fellowships)
  • Specific Scholarships
  • Need-Based Scholarships
  • Student Prizes
  • Academic Scholarships
  • Scholarships for Minorities
Get Complete Details About: Scholarship In India

Merit-Based Scholarships (Fellowships)
  • These scholarships come under the most common ones which are generally rewarded by private organizations as well as by government institutions or directly from those universities where the students are going to study.
  • Candidates for the merit-based scholarships are selected by considering the educational performance as well as additional activities like, work experience or other experiences.
Specific Scholarships:

Many organizations grant particular scholarships for those students who have met the certain criteria such as: nationality, religion, gender, political affiliation, race, special needs and many more.

Need-Based Scholarships:

Depending on the candidate’s personal and financial state, applicants might qualify for a need-based scholarship. This scholarship is providing for those scholars parents belongs to a lower-middle income background and may not have the money to pay for college.

Academic Scholarships:

The academic scholarship is given to those candidates who have outstanding history of academic achievement. These scholarships are granted to those candidates who have the most excellent GPA, most extraordinary series of extracurricular activities etc.

Scholarships for Minorities:

There are a huge number of minority scholarships available to the student. These scholarships is providing for all minority students while others are designed to benefit one ethnic group in particular.


The career scholarship provided to those candidates who plan to pursue a specific field of study by college or university. Many schools in the United States give full scholarships to enter the field, especially if the students propose is to work in a high-need community.


College-specific scholarships are offered to extremely qualified applicants by the individually college or university. This scholarship provided on the basis of academic and personal achievement.

05 Benefits of Fellowship Scheme:

The scholarship is very beneficial for the candidates to help them in their higher education. Because there are so many issues with students related to money at the time of admission, some organizations provide tuition and fees, reasonable educational and living expenses that is very beneficial for the students. Now, must have a glance….

1. Recognition And Prestige
  • As we all know that, there are thousands of applicants for some scholarships and when you are recognized for your accomplishments, it gives you the confidence to pursue other goals.
  • It is very important for the students to recognize the initial potential in their academic career, so that they can promote their development recognition from the organization or company, helping the students takes this step.
2. Differentiate Your Achievements

If, you’re getting a merit-based fellowship, then, it shows that you stood out among your peers. And this achievement will also beneficial for you, when you’re going to apply for colleges or jobs in the future. This Achievement will inspire you to challenge yourself to accomplish higher goals in your own life.

3. It Provides Financial Support

It is the main benefits of taking Scholarship. If you’re receiving a good amount through scholarship program, then you can easily pursue their future goals. So, don’t wait any more and apply for best scholarships in India.    

4. A fellowship schemes can also Help You Get into a Selective University

Most of the university likes those students, who are reputed and recognized for an achievement. Winning scholarship is a great deal! Most of the colleges want to add students who are a positive contributor to their student body. A qualified scholarship confirms that.

5. Scholarships Make Your Resume Noticeable

Receiving scholarships can make it easy to make your resume stand out. In addition to that, if you’ve plenty of achievements and qualifications, then it can be much easier to find a good job for you.

Read Here: 
Scholarship for Higher Education
  • India being an increasing economy where many poor families are surviving, Scholarship for top education and study abroad becomes very important for many of the Indian students.
  • And for the help of this type of students many of the private / foreign / government organizations are providing the scholarship help for both girls and boys students and help them for fulfilling their dreams of higher studies.
  • Because of the high fee every students can not apply for any higher degree courses, and they are not able to complete their ambitions.
  • At present Scholarships are presented in higher studies at different levels like: Scholarship Exams for Class 8, high school, Intermediate, post graduate, doctorate levels and for other career programmes.
  • Scholarships have definite eligibility criteria and some have convinced types of exams, students fulfill the criteria can take the benefit of the scholarship.
Check out: 9 Helpful Study Tools For Academic Students

Why scholarships are essential?
  • College costs a lot more than it used to
  • The economy stinks, and your parents have no money
  • The cost of college living is up
  • State support for students has decreased substantially
  • People owe a lot of money
  • Financial help is a need for many college students, mainly those who are preparing for careers that require many years of education beyond the UG level. Scholarships have exceptional earnings and are the most popular form of economic help. So scholarships are more important and can develop your resume as well as help you pay for your education.
Final Note:

Dear aspirants! We are hoping that this article is beneficial to you, if, you have any suggestions or query about Importance of Scholarship then, you may also do comment in the comment box, and subscribe our free e-mail section of www.privatejobshub.in to get free updates.     Thank you…

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