How Scholarships Work

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In this article, we’ll take a look at some of the different types of scholarships, what it takes to get them and why just because you have a scholarship doesn’t mean you’ll be using it to pay tuition.

Most people already have a vague idea about what a scholarship is — money that someone gives you to pay for school. That’s actually pretty close. Basically, a scholarship (or a grant or a fellowship) is a sum of money awarded to a student in order to help him or her further his or her education. Instead of a loan, which accrues interest, or need-based financial aid, which is usually doled out by universities, scholarships are gifts that don’t need to be paid back.

Scholarship money can come from any number of sources. There are scholarships provided by governments, corporations, universities or any organization with a little goodwill and some money to burn. Many famous scholarships come from stipulations in the wills of philanthropists..

However, though a scholarship isn’t a loan, it’s not just free money either. Most organizations that offer them consider them an investment rather than a gift. For that reason, scholarships usually have strings attached. Athletic scholarships come with the expectation of maintaining a certain grade point average as well as performing on the field. Scholarships may also be contingent on entering a certain career, such as medicine or library science.

There are so many restrictions for scholarships, that a lot of students get frustrated and overwhelmed at the search and just give up before trying. But with money standing in the way of their college and career goals, they must push through, but where to start looking? Yes, you can spend countless hours on the internet looking at website after website, hoping to find something that you can write an essay for, or submit your email, and hope you win, but with you and probably a million other people. We have spoken with hundreds of students and know the hard times it takes to look for scholarships, but we have solved that problem. NOW, you can win scholarships just by installing a free mobile app on your mobile device. With this free app, you can win scholarships just by using your cell phone, yup just by using your phone. You can earn credits to win entries into monthly scholarship contests sponsored by ScholarshipGrab. We worked hard to bring you an awesome app and hope you will love using it and tell your family and friends all about it because the bigger we get, the more $ money we can giveaway to students! So what are you waiting for? Start winning today!

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