4 Aug, 2017
The way many people interprets the idea of the American dream varies, but the commonest of them all which happens to be the most important is furthering one’s education by seeking a degree in the United States. Scholarships are good aids for foreign students to achieve their American dream. It doesn’t matter if you are a student, new immigrant, or a learner, international scholarships about in the US.
As awesome as it may sound, never be too much in a hurry to pay to seek or apply for scholarships to study in the US. Stay away from applications on sites that will ask for your credit card details or some other financial information before you can apply. Reputable scholarships to study in the US do not ask for application charges first hand. Take note of this.
Before leaving your home country, you should plan your education especially the aspect of financing. This is because some universities and the US consulates require a certification of funding from foreign students over and during the course of study.
How do these scholarships work?
The bitter truth is that many people do not know exactly what these scholarships are. The general idea is that scholarships are all about receiving some form of money to pay your tuitions. It isn’t exactly true but close. Scholarships are grants or fellowships awarded as a stipulated amount of money to help an individual further their education in an institution.
Scholarships unlike loans that accrue interest or financial aids based on needs are given by universities and they do not have to be paid back.
There are different sources of scholarship money. It could be from the government, organizations, universities, or corporations which have leftover money to give around. Moreover, philanthropists fund major famous scholarships. An example is Rhodes scholarship which stands amongst the most reputable scholarships in the world funded the Cecil Rhodes Trust. Beneficiaries of this scholarship include Pundit Rachel Maddow, sports caster Pat Haden, and former president of the US, Bill Clinton.
Forms of scholarships to study in the US
Therefore, do not see scholarship as a loan or free money. More than investments and gifts, the organizations that offer these scholarships view them as assets. In entering certain careers such as medicine, scholarships are contingent. Such type is the Merrill Lynch’s Partnership Scholars Program.
These are unlike scholarships which are directed towards the best students in a certain class or in athletics. Individual scholarships are for everyone – get an admission in a university and you’ll have the chance of obtaining this scholarship. You can do this by applying for individual- based scholarships which can fast-track certain studies.
Most of the time, individual scholarships to study in the US favour those that aspire to be doctors, nurses, dentists – medical sciences especially – and they hardly have troubles getting funded. In the US, the National Health Service Corps doles out free scholarships to study in the US for medical scientists in exchange for two years of medical practice in areas where their services are required. Also, the Army, Air Force and Navy offer this kind of funding as well.
Athletic scholarships to study in the US are unlike individual scholarships which are funded by outside sources. These are packages designed to maintain a grade point while performing well on the field as well. Besides, they are funded by the athletic departments of schools. Most universities set aside some budgets that attract excellent athletes for every type of sport. In the US, there are over a hundred funding programs for sports such as fencing, golf, water polo and so on. For instance, an uncommon sport such as weight lifted is funded by Coppin State University in Maryland.
Applying for sports scholarships is different from other scholarships. This is because coaches are mostly concerned about recruiting talented athletes. They will rather send out mass recruitment mailings to players across the country that top the charts instead of waiting around for applicants. In getting recruited, players write letters to coaches at their universities of choice or rather, send in their performance chart on DVD.
To receive money, you should do well. As the name implies, you have to be exceptional to receive this type of scholarship – for instance, you have to be the best in SAT score or the class president. In one word, this scholarship is for the leaders of tomorrow – the brilliant and the cutthroat.
Merit-based scholarships in the US are offered to recognize the most exceptional students that hail from backgrounds that cannot afford top-notch education. Also, they help talented minds blossom and that way, they so not sip through the cracks.
They are beneficial to the community at large. After all, it will be of great benefit if a student from one of the slums in India or Africa wins out when their math genius works on theorems at MIT instead of trimming the hedges at in the garden.
How is your scholarship money used?
Now you’re due for college. You’ve earned good grades, applied to the school of your choice, and have been awarded a scholarship in your college of choice. When calculating the amount of financial aid awarded to a student, many universities count the scholarship as a part of the financial assets of the students and offer the aid accordingly. For example, if a semester costs $20,000. Half of it may come from need-based loans and the other half, may be paid in full. Since you have landed the scholarship, your out-of-the-pocket tuition should be about $8,000 but then it isn’t.
This means that financial aid is always very short in supply. So instead of the university to count your scholarship toward taking out some chunk from your tuition, they see it as a part of your previous assets. Invariably, instead of subtracting $2000 from your contribution, it will be subtracted from your loans or grants the university gives you in accordance to your individual needs. Even though it means you have less to pay off, you will pay still need to gather about $10,000 to sort out the tuition.
The truth is that scholarships have more advantages than the benefits outlined above. Scholarships do not only fund an individual’s tuition, they also make students more attractive to top universities in the US.Back