Who doesn’t need a scholarship for college?

The recent survey  report of  ASSOCHAM reveals  that  in India parents  shell out nearly half of their total lifetime earnings on their child’s education and other academic activities. This rising cost of  education coupled with recessive global economy has put additional financial strain on parents, especially with single-income families. The only way out of this financial crunch is through Scholarships. Scholarships will not only help you take some financial burden off, but also alleviate some of the financial stress  associated with education.

Scholarship and fellowships serves as a gateway to higher education. They  play a vital role in shaping bright academic career of students. Below are top six reasons why scholarships are essentials for students:

  1. Cost of higher education is shooting up:

    Despite attempts to subsidize higher education college costs keeps shooting up. According to ASSOCHAM survey in the past five years the cost of education has increased by over 300% whereas parents annual income, on an average, has just risen up to 30%. The cost of higher education in government-funded institutions also  doubled in last ten years. The cost of student accommodation have been steadily rising in the last few years.

  2. Economic downturn followed by unemployment and lower wages:

    Due to economic recession and low wages parents and students are struggling to meet the financial obligation set by colleges and universities. Further weaker economy is characterized by high debt, low investment and weak banking system. People living in such a economy doesn’t have enough resources to supplement their education and have to rely heavily on grants and scholarships for pursuing their higher education.

  3. Government curtails funds for higher education and students welfare schemes:

    To curb fiscal deficit in the current financial year the central government has cut education spending by over 9% and school education expenditure by 5%. To compensate this fiscal cuts Universities and Public schools  has  increased their academic fees thus putting more financial burden on parents and students.

  4. Cost of lodging and boarding has increased:

    Along with education comes lodging and boarding. The cost of lodging and boarding has increased tremendously in the last few years. Scholarships help to alleviate the cost of lodging and boarding as most scholarships cover this expenses.

  5. Scholarship help you to stand out from other candidates:

    Merit-based scholarship helps you to distinguish yourself and your achievements from your peers. Academic scholarships makes you the most prized candidate in the job market. When you apply for jobs employers will recognize your academic achievement and you will be their first choice.

  6. Scholarship can help you to get into the college of your choice:

    Academically brilliant students are most prized possession for any School or College. In fact, they are looking for students who will bring laurels to their institution and be a great contributor to the student council. College or University awards scholarship to students who qualifies certain criterion let down by that particular Institution. Winning a merit scholarship endorses that you are a student with huge potential and will be a great future asset for that College.

If you are in search of Scholarship that matches your criterion then ScholFin will  help you to narrow down the search and choose scholarship of your liking. ScholFin has a huge database of regional, national and overseas scholarship and will allow you to choose scholarship that matches your profile.

Author: scholfin

ScholFin – India’s First Scholarship Search Engine

ScholFin - India’s First Scholarship Search Engine

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Who doesn’t need a scholarship for college?

The recent survey  report of  ASSOCHAM reveals  that  in India parents  shell out nearly half of their total lifetime earnings on their child’s education and other academic activities. This rising cost of  education coupled with recessive global economy has put additional financial strain on parents, especially with single-income families. The only way out of this financial crunch is through Scholarships. Scholarships will not only help you take some financial burden off, but also alleviate some of the financial stress  associated with education.

Scholarship and fellowships serves as a gateway to higher education. They  play a vital role in shaping bright academic career of students. Below are top six reasons why scholarships are essentials for students:

  1. Cost of higher education is shooting up:

    Despite attempts to subsidize higher education college costs keeps shooting up. According to ASSOCHAM survey in the past five years the cost of education has increased by over 300% whereas parents annual income, on an average, has just risen up to 30%. The cost of higher education in government-funded institutions also  doubled in last ten years. The cost of student accommodation have been steadily rising in the last few years.

  2. Economic downturn followed by unemployment and lower wages:

    Due to economic recession and low wages parents and students are struggling to meet the financial obligation set by colleges and universities. Further weaker economy is characterized by high debt, low investment and weak banking system. People living in such a economy doesn’t have enough resources to supplement their education and have to rely heavily on grants and scholarships for pursuing their higher education.

  3. Government curtails funds for higher education and students welfare schemes:

    To curb fiscal deficit in the current financial year the central government has cut education spending by over 9% and school education expenditure by 5%. To compensate this fiscal cuts Universities and Public schools  has  increased their academic fees thus putting more financial burden on parents and students.

  4. Cost of lodging and boarding has increased:

    Along with education comes lodging and boarding. The cost of lodging and boarding has increased tremendously in the last few years. Scholarships help to alleviate the cost of lodging and boarding as most scholarships cover this expenses.

  5. Scholarship help you to stand out from other candidates:

    Merit-based scholarship helps you to distinguish yourself and your achievements from your peers. Academic scholarships makes you the most prized candidate in the job market. When you apply for jobs employers will recognize your academic achievement and you will be their first choice.

  6. Scholarship can help you to get into the college of your choice:

    Academically brilliant students are most prized possession for any School or College. In fact, they are looking for students who will bring laurels to their institution and be a great contributor to the student council. College or University awards scholarship to students who qualifies certain criterion let down by that particular Institution. Winning a merit scholarship endorses that you are a student with huge potential and will be a great future asset for that College.

If you are in search of Scholarship that matches your criterion then ScholFin will  help you to narrow down the search and choose scholarship of your liking. ScholFin has a huge database of regional, national and overseas scholarship and will allow you to choose scholarship that matches your profile.

Author: scholfin

ScholFin – India’s First Scholarship Search Engine

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