Financial assistance is a necessity for many college students, particularly those planning careers that require many years of education beyond the undergraduate level. Scholarships are usually describe your educational and career goals essay for achievement in some area. Scholarships have unique benefits and are the most desirable form of financial aid. Many are merit-based or awarded as recognition for certain achievements.
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Like grants, scholarships do not have to be repaid. But grants are often need-based, so scholarships are more prestigious and can enhance your resume as well as help you pay for your education. Many students graduate from college with enormous student loan debt or limit their education in an attempt to control costs. Because scholarships are free money, however, students can focus on their careers instead of thinking about how they will repay loans.
This allows them to go into fields like law or medicine that require postgraduate training or to pursue careers in public service or other areas that don’t pay high salaries. By removing financial barriers, scholarships make education and career goals easier to obtain. According to a study conducted by the Bill and Melinda Gates Foundation, working while in college is the number one reason people drop out. Having a scholarship that pays for your education and living expenses can actually reduce your risk of dropping out and not getting the degree you want. You may even be able to consider a more selective institution or major.
By reducing financial concerns, scholarships can also mean more time for studying and learning, which can lead to better grades and retention of knowledge and increase your chances for continuing on to graduate school. Earning a prestigious or merit-based scholarship can actually make you a more attractive job candidate. Employers who understand the competitive nature of the scholarship will recognize it as an accomplishment. Generally, a merit-based scholarship demonstrates to future employers that you have exceptional ability in the academic, athletic or artistic realm.
Competitive scholarships are accomplishments worth listing on your resume and can help you stand out when you search for a job — possibly helping you achieve the career you want. A scholarship can make a big difference in how much time and resources you will have during college to spend on enhancing your experience and knowledge through service-learning, volunteer opportunities and internships. The money and security afforded by a scholarship allows you to be more selective in how you spend your free time. Education Centers: What are the Advantages of Having a Scholarship?
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