WHY SCHOLARSHIP IS IMPORTANT FOR STUDENTS

Scholarship Round-Up – StemHub Foundation

Why are scholarships important? In the United States, research shows 0.3% of college students received a full-ride scholarship. As the odds are pretty long, it can appear like there’s no point in applying for this financial aid, but the advantages of scholarships are big and make applying well worth your time.

We understand that applying to university is a stressful experience and applying for scholarships can appear like another extra stress that you don’t need, but if you can convince a university that you’re a proper candidate for a scholarship, full-ride or not, you can set yourself up for life.

It’s never too early to begin the search for university scholarships. You need to begin the search as soon as you start applying for college, 

Here are eight amazing benefits of scholarships and why they’re so important:

1. Scholarships Make Education Easier to Access

College in the United States is expensive: the average student debt in united state is $29,800. If you’re a gifted student from a poorer background, gaining access to higher education can seems to be impossible. This is one of the key answers to the question of “why are scholarships important?”

No one needs to have their education constrained due to a lack of household income. One of the most important benefits of scholarship for society is that it gives us engineers, doctors, academics, nurses, lawyers, and scientists from backgrounds that would make traditional college financial aid hard to secure. Having more people in these professions is better for us as a society and helps us fill any employment gaps that would have been empty.

2. Students That Win Scholarships Can Access Extensive Support

Winning a scholarship nets you extra than just a healthy bank balance. Many colleges provide support to students that received scholarships, to assist them get the most out of their money.

This doesn’t imply that your college will babysit your spending and curtail you from having fun, don’t worry! What it means is that they’ll assist you to explore the full benefits of your scholarships, offering mentorship to assist you with the program. This extra support can be a massive help for any freshman and this also means that the college will be with you for every step of the way to assist you achieve the very best results that you deserve.

3. Scholarships Help You Network

This is one of the known benefits of scholarships. When you are awarded a scholarship, you’ll be able to network with other people who also won the award. As you’re likely to be in the same academic field, this can provide huge networking opportunities when you later graduate.

For instance, if you win a business administration scholarship, you’ll be able to stay in touch with sophomores and seniors who have also been given the award. When the time comes to get a job, you’ll already have contacts in the industry, which gives you a tremendous advantage over other candidates. Networking can also provide you other academic opportunities, research opportunities, and provide you a close-knit friendship group in your industry.

4. No Need to Work

According to government statistics, almost half of all undergraduate students in united state have a job to help them finance their studies and living costs. Getting a side job can help university students tremendously, but it can also distract them from the quality of their work.

If you have to work sixteen hours per week or more, will you be able to put in as much effort on your paper? This is a compromise that many students need to make.

A key benefit of scholarships is that the need to work is removed. Instead, you can commit all of your time to working on your academic projects. This lets you improve your grades and get a better job when you graduate.

5. Gives Your Resume a Boost

Winning scholarships can be difficult. Some scholarships have thousands of applicants which mean that if you are awarded the scholarship, your pre-college achievements are given additional recognition.

When you apply to jobs with a scholarship on your resume or curriculum vitae, it shows that not only did you work hard in college, but you’ve also worked hard before. If the university saw fit to choose you over thousands of others, why shouldn’t an employer do the same?

6. Scholarships Encourage Philanthropy

Your approach to life might change, especially if you’ve been helped by scholarships before, you might ends up becoming more philanthropic yourself. Perhaps you’ll go on to found another scholarship or support the college with charitable donations.

7. Scholarships Give You Access to More Colleges

Even if you aren’t from a poor background, there are likely some colleges that are off-limits if you don’t get a scholarship. For instance, Some Ivy League colleges can saddle you with six figures of debt if you self-fund your way through your studies.

One of the greatest benefits of scholarships is that you’ll be able to access the very best education. If you have an incredible academic ability, then you’ll be able to gain access to the best colleges in the world, and leave with either no debt or far lesser debt than you would otherwise.

8. Additional Experience

Depending on who awards your scholarship, you may be required to carry out some voluntary work in your industry. This is far from a burden: it gives you fantastic real-world experience that will improve your resume and assist you in your career.

Even if it isn’t mandatory, you should look for voluntary work to go along with your scholarship. This kind of industry experience is invaluable and will boost your resume.

Conclusion

Before you fill out a scholarship application, please review the general eligibility requirements as well as any specific requirements before submitting the application to the organization.  This review is vital as some scholarships may have special standards or exceptions, so please review the scholarships and comply with the application instructions, including deadline and document requirements.

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