What does it mean to hold a scholarship?

An academic scholarship may be placed on hold if a student is unable to attend the University due to medical reasons, military deployment, religious/humanitarian service, or educational purposes, provided that the following criteria is met and the request is approved by the Scholarship Committee or an authorized subset ...

What is the meaning of scholarship holder?

(ˈskɒləʃɪp ˈhəʊldə ) noun. a person who, because of academic merit, receives financial aid for their studies.

What does having a scholarship mean to you?

Scholarships provide financial support for students to help pay for a college degree. These funds enable students to obtain education they may not have access to otherwise. Scholarships go further than being financial aid for many students. They reward deserving students with the ability to afford higher education.

How do you keep a scholarship?

Can you hold off a scholarship?

After you're awarded the money, you're typically held to specific academic and personal standards. Not holding up your end of the agreement could result in the loss of the scholarship. Here's how you could potentially lose a scholarship and what to do if that happens.

What Does Receiving a Scholarship Mean to You?

How long can you hold onto a scholarship?

Depending on the rules, scholarship winners often have to use the funds by a certain timeline, or the money will be forfeited. While some scholarships renew their funds for four years, others do not. Most scholarship prizes can only fund college tuition for one year, and expire after that use.

What happens to a scholarship if you don't use it?

In some cases, you may be allowed to keep the money and put it towards anything you want. However, in most cases, you will likely have to return the money to the provider so that they can add it to a new scholarship fund for other students.

How hard is it to keep a scholarship?

Many scholarships are renewable. After you win the scholarship the first time, you can keep on receiving it each year you are in college. But, you have to take a few steps to keep it. Many renewable scholarships require the recipient to maintain good grades.

Do you get to keep scholarship money you don't use?

What happens to leftover scholarship money. If you earned scholarships and grants that add up to more than your total cost of attendance, your school may send you a refund of the leftover scholarship money. Keep in mind, you may have to pay taxes on that amount.

Will I lose my scholarship if I fail a class?

Many scholarships require you to maintain a certain GPA. Schools that award scholarships often set specific GPA parameters as well. Failing a class could put you in jeopardy of losing your scholarship if it has that requirement.

Is scholarship money your money?

Unfortunately, turning scholarship money into cash is not allowed. Despite being considered free money, scholarship funds are financial aid awarded for an intended purpose. That specific purpose is to pay educational expenses like college tuition, student fees, and other college costs.

Is receiving a scholarship good?

Scholarships allow students to pursue their dreams without paying for their education for years after they graduate. So, by getting scholarships and eliminating student debt, graduates have the ability to make financial choices that may make them happier or more successful in the long run.

Why do people deserve scholarships?

Demonstrated passion and commitment to a specific area of study may make a student deserving of a scholarship, especially if they intend to contribute significantly to their field. Scholarships can help break the cycle of low educational attainment in some families.

What is a scholarship called in the UK?

Scholarships, grants, and bursaries are financial awards that are designed to help to support students financially through their studies. They can be awarded for many different reasons and this is often dependent on the type of organisation that is awarding the scholarships.

Who decides who gets a scholarship?

Finally, some scholarships are awarded by the school itself. To apply for these types of scholarships, you will usually have to submit an application, and the school will determine who is most deserving of the funds. The amount of money that you receive from a scholarship can vary greatly.

What is it called when you get a full scholarship?

A full ride scholarship is an award that covers all expenses related with college. This includes tuition, books, fees, room and board, and possibly even living costs. The goal is to remove any need for additional financial aid.

Can I spend my scholarship money on anything?

Most scholarship funds are specific about which types of costs they can and cannot cover. Education expenses like tuition, books, and other course materials are usually covered, but what counts as “education-related” can differ by provider so be sure to review the rules for each award.

Do scholarships affect student loans?

The short answer is that, in most cases, a scholarship won't affect the financial aid offered by a college. Instead, it will help to cover costs not already paid for by financial aid, and is therefore of great benefit to the student.

What happens to leftover financial aid money?

If there is money left over, the school will send the remainder to you, and you can use it to cover your other expenses, such as your textbooks or transportation. Financial aid disbursement dates vary by school, but are generally between 10 days before the start of the semester and 30 days after classes begin.

How rare is a full scholarship?

What Is a Full-Ride Scholarship? A full-ride scholarship is the unicorn of scholarships. It's estimated that fewer than 20,000 students per year will manage to get one of these scholarships—that's less than 1 percent of the students who will enroll in college!

What is the hardest type of scholarship to get?

An athletic scholarship may cover some or all of your tuition costs, depending on the school. Athletic scholarships are some of the hardest to receive.

How rare is it to get a scholarship?

Over 1.7 million scholarships are awarded annually; however, only 7% of college students will receive a scholarship. On average, first-time undergraduates who receive government grants and scholarships at a 4-year college receive about $14,890 annually.

Can you accept a scholarship and then decline?

Again, they can award it to another candidate or keep it for the following year's scholarship. If you accept a scholarship to a certain college but do not attend that college, you may be required to return the scholarship funds or to attend another school that is part of the scholarship program.

Can you get too many scholarships?

While you can't apply to too many scholarships, it is possible that you could win too many if they're all designed to be put towards your tuition. But don't let this knowledge hold you back from applying to as many awards as you can. Winning too many is extremely rare and not likely to happen.

Do grades matter for scholarships?

Minimum requirements range from around 2.0 on the lower end to 3.75 or higher for competitive academic scholarships. Generally speaking, a 3.0 GPA or higher will give you a decent shot at qualifying for a variety of scholarships.