The modern age was brought about by the Industrial Revolution. Formal education was steadily growing in importance as the globe transitioned to capitalism as a result of industrial growth. The labor market continues to receive the supplies it requires for both job creation and economic growth from formal education, which is a significant source of training.
Formal education is now a requirement for employment. In various regions of the world, it is even mandated for every citizen. Giving their kids a good education is the parent’s first duty to them. Unfortunately, not many parents have the financial means to enroll their kids in school. Liberia is at the top of the list of 10 nations with the highest rate of out-of-school children, according to Unicef data on the subject.
There are 34% of children in Nigeria, 46% in Sudan, 38% in Niger, and 48% in Afghanistan who are not in school. Even if there may not be many remedies developed to address this issue, there are still some strategies to reduce it (scholarship is one of them).
Another reality is that there are too many college students who have dropped out of school in addition to primary school children who are not attending school. The main reason for this is that they can no longer afford to pay for their education. This may be decreased if you were qualified for a student loan, but not all dropped-out students are. You should consider a scholarship in light of this.
How does the scholarship work? What kind of scholarship is best for your circumstances? How do you obtain one? Scholarships come in a variety of forms and serve a variety of goals. The method by which it is awarded is also different.
Check out a few of them below:
- Sport scholarship
- Academic scholarship
- Government scholarship
- First generation scholarship
- Scholarship by major or course
- Full-ride scholarship
- Community scholarship etc.
You might need to take a test to qualify for a scholarship. While for some, eligibility may only require a particular score. People go through other steps as well to receive a scholarship. As indicated above, there are numerous procedures and methods used to award scholarships. All you need to do to obtain one is to be vigilant and sufficiently investigate how a given scholarship is administered.
Let’s now examine how scholarship benefits those who are less fortunate.
1. Great Encouragement
A scholarship may be given for a variety of reasons. One thing is for sure, though: It encourages and motivates both the recipient of the prize and incoming students.
Some academic scholarships’ primary goal is to lower the amount of school fees a recipient would otherwise be required to pay. Once a student is eligible, he will only be required to pay 30% of the initial sum.
3. Good Image
It paints the school with a good name and the entire ministry of Education. This deed may also draw benefactors, which could result in more possibilities for other kids.
A student who receives a scholarship typically grows more compassionate toward the neighborhood. They might look for a means to start a foundation that addresses a related issue because they want to give back to the community.
5. Lifelong Association
You join the organization that grants you the scholarship, which might be advantageous in and of itself. Most of the time, if a professional group awards a scholarship, they want to surround themselves with that student both during their time in school and after they graduate.
You can see that there are still a lot of scholarship categories that are not covered here. This article simply provides a brief overview of what to anticipate when considering the advantages of receiving a scholarship for yourself.
Visit your state’s board or Ministry of Education office to find out what kind of scholarship you should apply for.