Discover the various types of educational scholarships available worldwide, including need-based, merit-based, field-specific, bond, and athletic grants. Learn about eligibility criteria and how these funding options support students in achieving higher education goals.

Varieties of Educational Grants and Funding Options

Financial aid programs known as scholarships help students cover the costs of higher education. Globally, contributions from individuals and organizations total billions of dollars, providing support to talented students without sufficient financial means. There are multiple scholarship categories, so students need to research those they may qualify for.

Need-based scholarships are awarded based on a student's financial situation, targeting those from underprivileged backgrounds and marginalized communities.
Merit-based scholarships recognize academic excellence, achievements in sports, arts, music, or other extracurricular pursuits.

Specialized scholarships focus on students pursuing specific fields like biomedical sciences, nursing, or chemistry, often supported by related industries.

Some universities offer merit scholarships after thorough evaluations, typically aimed at students applying to particular colleges or programs.

Bond scholarships require recipients to serve in certain roles, like healthcare in rural areas or military services, in exchange for funding.

Athletic scholarships support talented athletes aiming to continue sports while earning their degrees. The impact of these scholarships on academic standards is debated, with some suggesting they may affect academic rigor.

Each scholarship has its own eligibility requirements set by the awarding body, which applicants must meet to qualify.