There are several types of scholarships available for students. Many of them are conditional, such as merit-based scholarships. Scholarships with conditions attached, such as a merit-based scholarships are usually outlined by the giver, which sets certain standards to be fulfilled in order to receive the scholarship. These standards might be dependent on the student’s academic achievement, or a combination of academic performance and special talent, trait, or interest.
Scholarships can also be based on financial need, or geared towards a specific group of people. For example there are scholarships for women, athletes, or even specific for graduate students. Some are dependent on the parents’, or one’s own workplace, or to a certain background – for instance military scholarships for families from the army. Scholarships can be a one-time payment of a specific amount of money or a continuous payment for the total costs of tuition. No matter your circumstance, it’s worth applying for scholarships to help reduce the cost of your education. And the best part about scholarships is, they do not need to be repaid; scholarships are gifts.