What Is A Scholarship?
A scholarship is a financial aid awarded to a student to pay for an undergraduate degree. A scholarship is awarded on various criteria.
A scholarship is paid in different ways. A few colleges offer a one-time cheque and other colleges provide money for students each semester or school year. These awards differ from student loans and don’t have to be repaid.
What Are The Different Types Of Scholarships?
Merit in this case could be in any field. High academic scores, great test results, advanced athletic performance, an ace in extracurricular activities or a receiver of famous awards & accolades. All of these qualify as merit in merit-based scholarships.
Merit-cum-Need Based Scholarships:
The academic score and family income that’s required to avail the scholarship changes from college to college. If it is a Public College, then it depends on the guidelines laid down by the State.