Financial assistance is a necessity for many students, particularly those planning careers that require many years of education beyond the undergraduate level. The most obvious benefit of scholarships is that they make college more affordable. As school fees/tution costs continue to rise every term/Semester, a major deterrent to pursuing, and finishing a certain level or a college degree is affordability. Many are merit-based or awarded as recognition for certain achievements. ie Based on performance.
Having a scholarship that pays for your education and living expenses can actually reduce your risk of dropping out and not getting the degree you want. You may even be able to consider a more selective institution or major. By reducing financial concerns, scholarships can also mean more time for studying and learning, which can lead to better grades and retention of knowledge and increase your chances for continuing on to graduate school.
Scholarships play an important role in making college more accessible and affordable, and paving the way for students to be successful in both their pursuit and completion of their degree. When students can successfully earn their degrees, and the process is not burdensome or postponed, our greater society and economy are benefited. When young adults are able to focus their energy and means on their careers and serving the greater good, rather than paying off loans or having to re-enroll in school after dropping out for financial reasons, we have a happier, healthier and more efficient working public.
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Earning a prestigious or merit-based scholarship can actually make you a more attractive job candidate. Employers who understand the competitive nature of the scholarship will recognize it as an accomplishment. Generally, a merit-based scholarship demonstrates to future employers that you have exceptional ability in the academic, athletic or artistic realm. Competitive scholarships are accomplishments worth listing on your resume and can help you stand out when you search for a job
A scholarship can make a big difference in your education. The money from a scholarship helps by allowing you to be more selective in how you spend your free time. You’ll be able to maximize the college experience through service-learning, volunteer opportunities and internships. If your scholarship award is small, and you still need to work while going to school, use this time wisely. Make the most of it; instead of working at any minimum-wage job you can find to support yourself, select work that is meaningful and adds value to your degree.