One of the key elements in fortifying ties and building friendly relations between the countries (the country offering the education and the country from which the majority of students go) is overseas education. Additionally, it boosts the nation’s economy and revenue that offers globalized education. The same holds true for the guest country, where eminent intellectuals from throughout the world settle down and use all of their knowledge to advance their home country. While others remain in the place of origin and pursue their careers. The opportunity to study abroad has expanded to include the chance to interact with people from many cultures. However, it is also a surreal chance for students to gain extensive worldwide exposure in regarding education. However, studying abroad does come at a hefty cost that few students can manage. Additionally, because an overseas education is so expensive, parents and students are forced to sell their homes and mortgage their property in order to finance their overseas education.
Rich nations that provide foreign education became aware of this and created scholarships for their immigrant students. With the help of scholarships, a lot of the students’ financial problems were lifted, allowing them to finish their studies without feeling under any strain. Scholarships were soon divided into many categories based on the academic standing, financial situation, etc. of immigrant students.
Consultation
1. Merit Based Scholarships
As the name implies, merit-based scholarships are awarded only on the basis of performance. This kind of international scholarship allows for performance in athletics, the liberal arts, and extracurricular activities as well as academics. Students must be at the top of their game, excelling in every exam, sporting event, artistic competition, or other community participation to be eligible for this grant. Passing the scholarship exam held by the scholarship board, university, or school is the alternative route to get this grant.
2. College-specific Scholarships
Scholarships offered only by a certain college or university are referred to as college-specific awards. These scholarships cannot be applied for at other institutions or universities. Even if money is raised from both private and public sources, the specific institution or college is in charge of disbursing it.
3. Need Based Scholarships
Scholarships based on financial need are awarded to immigrant students from underprivileged backgrounds. The scholarship may occasionally pay all of the tuition or it may just pay a portion of the fees. The sum includes living expenses, travel, and other costs. Students must submit their parents’ income certificates as confirmation of their financial condition in order to be eligible for this grant.
4. Student-specific Scholarships
Specific students who fall into particular categories, such as gender and class, are eligible for student-specific scholarships. This kind of international scholarship has a higher concentration of women and minority groups. This scholarship is given to all students in order to ensure that they all enroll in a college or university to further their education, regardless of their medical background.