A scholarship is a form of financial aid given to students to help them further their education. Scholarships are given out based on various factors, most of which represent the donor’s or award’s ideals and goals. It is not necessary to repay scholarship funds. Scholarships assist persons with low financial resources in obtaining a good education. Scholarships do not always have to be in the form of money. Scholarships come in a variety of shapes and sizes.

Scholarship payments might range from a few thousand rupees to full tuition, housing, board, and travel. The following are some of the most well-known types of study abroad scholarships are:

Merit-Based Scholarships

Merit-based scholarships are awarded to students based on academic excellence, athletic achievement, creative skill, engagement in extracurricular activities, and other factors.

Student Specific Scholarships

Students with a specific gender, color, religion, ethnicity, or medical history are eligible for student-specific scholarships. Minority criteria will vary depending on the scholarship kind.

Need-Based Scholarships

Based on need, Scholarships are grants given to students to assist them in meeting their college expenditures. The prospective students and their family’s assets and income are the sole determinants of eligibility. Test scores and physical ability have little bearing on any aid that is defined as need-based.

Program / Career Based Scholarships

Individual programs or the schools and universities with which they are affiliated may award program-specific scholarships. These scholarships are awarded based on a student’s academic and personal accomplishments.