A Scholarship is an award of financial aid for a student to further their education. Scholarships are awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award. Scholarship money is not required to be re-paid. Scholarships assist those with limited means keeping in mind the end goal to achieve good education. Scholarships may not always be in the form of financial aid. Scholarships are classified into many forms.
Scholarship amounts will vary and can range from a few thousand rupees to complete tution, room, board and travel. Some of the different categories of study abroad scholarships that are well known are
Merit Based Scholarships are granted to students on the basis of a student’s academic achievement, athletic achievement, artistic ability, participation in other extra-curricular activities, etc.
Student Specific Scholarships are available to applicants of a certain gender, race, religion, ethnicity or medical history. Minority qualifications will differ based on the type of scholarship.