WHY IS SCHOLARSHIP IMPORTANT?

Posted by Karan Kapoor on December 28th, 2019

Nowadays, every other institution is giving scholarships to meritorious students, the students who are talented in some specific field, those who are good in sports, and the list continues. A scholarship has played a very important role in the academic success of many of the students. Scholarships not only provide financial aid but also add an extra feather on the cap of the student receives it. 

Getting a scholarship is not as easy as it appears. Students work hard to get a scholarship, and the competition for achieving it is also increasing day by day. By this, we can figure out the role and importance of a scholarship.

IMPORTANCE OF SCHOLARSHIP

#1. INCREASING COLLEGE FEES

Getting admission to major colleges and institutions is not an issue for those who are very intelligent and hard-working. But, at the same time, not everyone is affluent enough to handle the burden of hefty fees and other expenses of big colleges and institutions. In this situation, the students leave their dreams and settle for the colleges which match the size of their pocket. 

Gone are the days when the courses were limited, and pursing them was economical for almost everyone. But now, the colleges charge a handsome amount of fees for pursuing various long and short term courses and scholarship is like a blessing to those who are intelligent but do not have enough sources to pay expenses of the college. 

#2. ELIMINATES EXTRA FINANCIAL BURDEN

When the parents or the student finds it difficult to pay his college fees or other related expenses, they find loans as their final resort. Loans provide money for education and other academic purposes, but at the same time, they put a burden on students and parents as they are under obligation to pay the amount with interest. 

The situation is entirely different when a student is rewarded with a scholarship. Though a scholarship is financial aid to a worthy student, the student or his parents are under no obligation to pay it back to the authorities. 

A student with a scholarship will have no burden of repaying the load, and he can devote all his mind and time for studies or nurturing his talents. Both students and parents need to get rid of the financial burden. 

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#3. GIVES OPPORTUNITY TO STUDY ABROAD

Studying in any country other than one’s own is a very expensive business that possesses all the power to eat your pockets. The fees of well known international universities are touching skies, and this is the biggest hurdle that comes in front of those who have a wealth of knowledge and talent. But, scholarships have made studying easy. The parents feel free to send their children abroad. 

When someone gets a scholarship that finances his studies in some other country, then he gets an opportunity to take world-class education, which in turn opens many other big professional opportunities to him. His future gets secured by the scholarship, and he can achieve everything that he desired in life.

#4. PROTECT THE TALENT

Many students are very talented but leave their talent behind and settle for whatever gets them money. Scholarships provide them financial aid and protect such talent from getting invisible from society. The society consists of the youth, and the youth is the future of our nation, and scholarship protects such talents. 

We have talented people in the most backward of the country, and these people need to be raised. This will encourage others to pursue their dreams and talents in the future.

Therefore, we can say that scholarships are important for both current and future generations. The present generation needs the scholarship to protect their knowledge and finance their education. The future generation will take valuable lessons from their seniors and will work hard to achieve their ambitions. 

#5. PREFERENCE OVER OTHERS

Getting a scholarship is not a child’s play. There are hundreds of students who are preparing to get a scholarship because everyone is acknowledged with its worth. Only a few students who are better than others are rewarded with a scholarship. This enables them to hold a better position than that of others.

When a student is rewarded with a scholarship, it is also added to his resume. The first thing which an interviewer will consider is the resume of the candidate. He will make an image of him after studying his resume and then call him for an interview. When the details of scholarships are available in the resume, then such a person will be considered as a better candidate than others. He will be taken as more hard-working, knowledgeable, talented, and skillful than other candidates. 

Getting a job these days is a very painful task, but not for those who have obtained a scholarship in the past. The ones who are seeking to employ valuable human resources to their offices will look for those who are better than others. Those with scholarships are considered to be more talented, and therefore they get jobs easily. Everyone wants to add value to their existing team, and those holding scholarships add a cherry to this cake. 

#6. A TENSION FREE COLLEGE LIFE

Colleges are considered the most happening place in one’s life. It is the place where one learns and grows. When a student gets a scholarship, he is free from all other tensions. He has no burden to do any part-time job. He is free from the obligation to repay his educational loan and its interest. 

After getting a scholarship, a student can devote his precious time to studies, developing his skills, and nurturing his talents. He can focus on extracurricular actives and other college events. He can also join NCC and NSS because he has no financial and job insecurities.

#7. SOCIAL BENEFITS

Scholarships not only help that person who receives it, but also the society in large. Scholarship makes a person a philanthropist. The favors he received from the society is expected to be given back to the society in the form of research and development, providing comfort to the society, uplifting those who are unfortunate but talented, and much more. 

#8. BOOST CONFIDENCE AND GIVE MORAL VALUES

When a person wins a scholarship, he has to undergo a series of talks, seminars, and activities. These events enable him to meet new people from every walk of life. They share their ideas and find a better solution for an existing solution. These events help a student to build his confidence. 

Other virtues like honesty, listening to others, accepting mistakes, appreciating other’s ideas, being humble are also added to that person. All-round development of a person takes place after he receives a scholarship. It also makes a person more energetic and ready to take challenges that come in front of him.

Scholarships are playing a very important role in changing the lives of many people for a very long time. It not only provides financial aid but also opens doors to "n" number of opportunities.