Guidelines for Scholarships and Grants - Step by Step Guide

Securing an international scholarship or grant can be a complicated and in-depth process, but with the right information and resources, you can maximize your chances of success. In these guidelines for scholarships and grants, learn essential guidelines for obtaining study abroad scholarships and grants, know about what documents are needed to apply, and helpful strategies for improving your chances of getting accepted. In this article, we will explain all the guidelines step by step to apply for scholarships or grants as an international student.

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Guidelines for Scholarships and Grants | Best Tips to Apply for Scholarship

A scholarship is basically a free amount of money given to a student to pay for college or an institution. Some candidates win scholarships for their academic achievements, and some are awarded based on financial need. So, every scholarship has different requirements that the students must fulfill in order to win a scholarship. Students must check all the requirements before applying for scholarships to ensure that either they’re qualified or not. The more qualified you are for a grant or scholarship there will be better your chances of winning.

Today funding for scholarships to pursue higher education is one of the most pressing needs. The right guidelines for Scholarships or various grants allow deserving candidates to attain their educational goals and meet their professional objectives to succeed. Scholarships enable practicing professionals to take advantage of golden opportunities for continuing their professional development. Scholarships or grants are an effective way to improve recruitment and encourage students to excel in their relevant fields of interest.

With proper planning and enough amount of funding, the process of developing a successful scholarship is very simple. The following guidelines will help you in organizing your scholarship development process.

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Determine Funds Available for Scholarships or Awards

A generous amount of funds is the key to the successful maintenance and development of the scholarship program. If your college or institution is willing to fully finance a scholarship program, you must not miss this opportunity. You can establish a scholarship grant or fund with the help of supportive corporate sponsors or donations from different organizations.

Once you are sure to establish a scholarship program, you have to determine the amount which is to be paid annually in scholarships. You can specify a minimum award amount for the scholarship. Fully Funded scholarships may be a one-time gift or they may change each year financially. Endowments are big funds that are invested. Only a single portion of the earnings is awarded every year for scholarships. Endowment funding works like permanent account savings.

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Scholarship or Award Duration

Students must decide whether the scholarship or grant will be a one-time award or renewable. If the scholarship is renewable, you must recommend a maximum number of years a student can apply for and be awarded a renewal of the scholarship. Scholarship guidelines that can be renewed require that the scholarship holder must complete an application annually instead of permitting an automatic renewal of the scholarship.

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How to Establish Scholarship Criteria?

The Scholarship selection criteria have specific standards used to identify qualified candidates who will be recommended as scholarship holders. When the selection criteria have been identified, you must prioritize them so that the profile of the scholarship holder is clearly defined. The scholarship document which is known as the trust document is the place that sets the eligibility and selection criteria. It also describes the duration of the award and provisions for the renewal of the scholarship.

The Scholarship selection criteria have specific standards used to identify qualified candidates who will be recommended as scholarship holders. When the selection criteria have been identified, you must prioritize them so that the profile of the scholarship holder is clearly defined. The scholarship document which is known as the trust document is the place that sets the eligibility and selection criteria. It also describes the duration of the award and provisions for the renewal of the scholarship.

Different organizations that handle a lot of scholarships recommend the trust document be as flexible as possible. Like instead of suggesting that the candidate maintain a specific grade average or a donor must specify an acceptable range.

Many factors are considered when establishing scholarship or grant criteria for candidates which include financial need, geographic distribution, achievement, and demographic characteristics. The criteria of selection should support the purpose of the scholarship and must be free of restrictions or discriminatory provisions by law. The candidate wants to consider one or more of the criteria listed below. This list is not meant to be all-inclusive and you may have criteria more specific to the goals of your program.

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Primary Scholarship Criteria

  1. Primary award criteria based on financial need.
  2. Academic achievement records include grades, ranking in class, achievement test scores, and standardized test scores.
  3. Extracurricular and Community involvement.
  4. Leadership skills.
  5. Participation of candidates in specific activities.
  6. Recognition and Awards.
  7. History of work.
  8. Attributes of Personal or family.

 

Eligible Candidates

  1. Some Scholarships are available for International Students
  2. Geographic restrictions of candidates for some awards
  3. Demographic restrictions of candidates also put according the scholarship criteria
  4. Available for Short Courses, Undergraduate, Masters & Ph.D. Studies
  5. Current employees are also eligible

Scholarship Restrictions

  1. Non-renewable or Renewable.
  2. Restriction to certain areas of the field.
  3. Non-degree or Degree.
  4. Part-time attendance or Full-time attendance.

Financial Considerations

  1. Program financing level.
  2. Scholarship value.
  3. A number of scholarships every year.

The following are documents required for undergraduate, graduate, and postgraduate degree programs:

  1. Personal interview of the candidate.
  2. Reference Letters.
  3. A character certificate is required.
  4. Motivational Letter explaining the purpose of the study.
  5. Acceptance Letter from the educational program director.
  6. High school, college, or University transcripts.
  7. Language Certificate.
  8. Curriculum Vitae.
  9. Essay work.
  10. A summary form of financial information.
  11. For Ph.D. research work.

Administration of Scholarship

Administration of the scholarship is very important, as it is the ongoing process that ensures the candidate the success and perpetuity of the degree program. Administration of scholarships is the most time-consuming part of the program. Candidate must ensure that adequate resources are available to support the process. Many different groups use third-party agencies to deal with all aspects of the scholarship program. By using an outside agency is necessary if an insufficient person is an issue. Very few organizations for third parties include Scholarship Program Administrators. Many different agencies are available.

The following are the main components involved in the administrative process of scholarship.

Application procedures

The information requested on the application should be a reflection of the selection criteria which is designated for the scholarship program. You have the following questions for first-time applications as well as for renewal applications if the scholarship is renewable:

  • Where and when are applications available?
  • Where application should be sent?
  • How many copies are needed?
  • When are applications due?
  • What additional documents must accompany the application?
  • How and when will the award holders be notified?

Selection procedures and policies for scholarship

It is common for scholarship grants to set up committees to select candidates and set policies. The selection of candidates must be made up of individuals independent from the private foundation, institution or corporation. And the final approval for funds comes from the organization’s board or executive directors.

Student progress

The level with which you want to get involved with your award holder will depend upon personal choice and the established eligibility criteria of the program. If the program criteria call for the maintenance of a minimum grade point average or allow for mentoring and tutoring, then a process for periodic reporting may be necessary.

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Conclusion

Many candidates who are interested in seeking higher studies for financial reasons can’t fulfill their dreams. Professional education needs more scholarship programs to educate future technologists and to allow current technologists to continue their education.




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