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Only someone who has been a good student and has high scores is eligible for a scholarship. A scholarship is an award in the financial form which covers a partial cost and expenditure of fees for education. With this the student can study, with a part of his fees being waived. This is not like a loan that needs to be returned or repaid, instead it is a deduction of your fees.

There are different types of scholarship that makes a person eligible.

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1. Merit based scholarship.
2. Need based scholarship.

 

A merit based scholarship is based on the academic performance of the student. There are standard levels when crossed or scored by the student, which makes him/her eligible for the award. There are a number of private organizations, too that rewards scholarships. Students who excel in arts and the filed of sports also receive scholarships.

The second type of scholarship, which is based on the need of the individual, is a boon to students who come from low-income groups. It is not easy to dream of higher education because college fees are not easy to shoulder. There are many needy people who wish to study, but cannot pursue studies further due to financial constraints. In these cases, if you fall in the category of this scholarship, the amount can cover your tuition fees, as well as the cost of living.