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The Difference Between Scholarships, Grants, and Bursaries Explained

The Difference Between Scholarships, Grants, and Bursaries Explained

 

Some people have been perplexed by the phrases Scholarships, Grants, and Bursaries, particularly those who apply for them at various colleges. To distinguish these names, rules have been established.

Students can get financial aid in one of three methods when pursuing a university education, either locally or internationally. Scholarships, grants, and bursaries provide financial aid to students who need it or who seek (and are subsequently approved) for it.

SCHOLARSHIPS

Scholarships are given out based on merit, which might be academic, athletic, or other. The prize can be given to a terrific rugby player or a talented dancer and normally consists of a decrease in a student’s overall tuition fees or additional money to aid with living expenses. Most colleges have preferences for the kind of scholarships they provide. Women’s Leadership Scholarships for International Students Apply

A university with a strong sports team, for example, might prefer to award a scholarship to a sportsman over someone with straight A’s in Physics. In the other case, if a university has a strong academic track record, it will almost certainly award scholarships to students who have achieved good academic performance. Most, if not all, institutions offer a scholarship based entirely on academic achievement in an attempt to attract students with extraordinary results to attend their institution. Applications for 2021/2022 Chevening Scholarships are now open. If you obtain good grades, you’ll have your pick of the bunch!

What is the procedure for applying?

For their scholarships, each university will have an application process. Some may be online applications, while others may require downloading and sending to a certain email address.

GRANTS                    

This is a monetary gift that is given for a specific purpose, such as studying abroad or conducting expensive research. Grants are often awarded by the host university and are evaluated on whether your cause is worthy of the funds requested. Regent Scholarships for International Students at University of New Mexico, USA For example, if you want to study in Spain for a year and your reason for doing so is “because the weather here is so great…” odds are you won’t be awarded the grant. If, on the other hand, you say that you’re studying in Spain “because you want to examine the pH levels of the soil around Mount Vesuvius for your dissertation,” you’ll be more likely to get the grant.

What is the procedure for applying?

A proposal and plan must be submitted to the awarding committee for a specific piece of research, such as a dissertation. They may do an informal interview or discussion about your dissertation intentions to determine how serious you are about your research. There are rarely any issues that prohibit you from obtaining a grant if it is something that you to achieve. Regent Scholarships for International Students at University of New Mexico, USA

BURSARY

A bursary is a monetary prize given to students based on their financial circumstances, i.e. the amount of financial support they can receive from their parents. It is based on a sliding scale, with kids whose parents earn less than a particular amount receiving more money than students whose parents make more. Of course, if your parents are billionaires like Jeff Bezos or Mark Zuckerberg, you aren’t entitled to anything. Bursaries are normally provided directly by your host university, and the best part is that you will not be required to repay the funds. In addition, the majority of the time, the reward money comes with little to no strings attached.

What is the procedure for applying?

Bursaries may often be applied for through your host university’s website, but depending on where you’re studying, make sure you first check to see if you qualify for the bursary. Universities in different nations have distinct rules and regulations regarding bursaries and the students to whom they are awarded. Occasionally, the government of the country, through local governments, and charitable organizations, grant bursaries to students.

Difference Between Scholarships, scholarships grants and bursaries

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