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Home / Scholarships / Why Scholarships Awarded

Why are scholarships awarded

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Why are scholarships awarded

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You may be wondering why universities and colleges give out scholarships.

It sounds like a merchant paying someone to shop in his or her store. Universities and colleges award scholarships to attract the most talented students. Because educational institutions are in competition with each other for students, many of them feel the need to offer financial incentives to bring in talented ones. It is important to have good students in order to get and keep good professors. If the institution has good professors, then it will get more research grants from the government. Thus, there are a lot of reasons why it is in the best interests of a college or university to offer good students money to go there. These places also hope that when you have graduated and found a good job you will donate money to your old school! Above all else, most scholarships are designed to recognize and encourage excellence.

As a rule, the greater the value of the scholarship, the more work is involved in winning it. Many of the big scholarships have lengthy application forms. Applicants are also required to get two or three letters of recommendation. You may also be asked to write one or two essays on a given topic. There may even be an interview. It sounds like a lot of work, but you have to remember that once you have set yourself up to try for one scholarship you might as well apply for several. At present there is no central authority that limits the amount of scholarship money a student can try out for.

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