Categories: Scholarships

How scholarships impact lives of students

Scholarships, as it is said, not only cover costs of pursuing higher education but change the lives of students as well. From reducing the financial burden of the rising costs of a college education to allowing students to find more time and energy to focus on studies rather than part-time work, scholarships are one piece in the puzzle of what creates a strong foundation for supporting students in their success in life.

Overall, scholarships play an important role in making college more accessible and affordable, and paving the way for students to be successful in both their pursuit and completion of their degree.

When students can successfully earn their degrees, and the process is not burdensome or postponed, our greater society and economy are benefited.

Financial impact
Many students graduate from college with enormous student loan debt or limit their education in an attempt to control costs. Since scholarships do not have a payback model, students can focus on their careers instead of thinking about how they will repay loans. By removing financial barriers, scholarships make education and career goals easier to obtain.

Educational impact
Having a scholarship that pays for your education and living expenses can actually reduce your risk of dropping out and not getting the degree you want. You may even be able to consider a more selective institution or major. By reducing financial concerns, scholarships can also mean more time for studying and learning.

Career impact
Earning a prestigious scholarship can make a student a better job candidate. Employers who understand the competitive nature of the scholarship will recognize it as an accomplishment.

Research and collaboration impact
Some universities participate in student exchange programs. This exchange exists in between universities of different nations. This is a way to enhance collaboration in between labs. Doing so can help labs access to resources unavailable in their countries.

Employment impact
Translating that CV into an employment resume is the end goal of your education, and having a few scholarships on the resume can make a big difference with a potential employer.

Personality impact
A scholarship can make a big difference in how much time and resources you will have during college to spend on enhancing your experience and knowledge through service-learning, volunteer opportunities and internships. On a more personal level, a scholarship can reinforce your self-confidence and give you greater powers of resilience. Scholarship is a concrete way of demonstrating that you are a valuable commodity. If you did not succeed this time, you're likely to succeed in the future.

There are many people in the country including Kiran Bedi, Montek Singh Ahluwalia, Girish Karnad and Shyam Benegal who have made their dreams come true by winning different scholarships in their lives and these scholarships have made big changes in their lives. Some world-famous celebrities who went on to achieve their dream education by winning certain scholarships include Bill Gates, Bill Clinton, Denzel Washington, Edward Hubble and Stephenie Meyer.

Coming from a poor family background, former President of India late Dr APJ Abdul Kalam used to sell newspapers as a teenager to provide earnings for his family. But his story didn’t remain the same and his struggle did not deter him from pursuing higher education. After graduating with a degree in Physics in 1954, Kalam worked hard to secure a scholarship to pursue Aerospace Engineering from Madras Institute of Technology. That’s how his life was transformed to become the Missile Man of India in later stage of life.

Students, who want to know more about scholarship and how they can win it, can log on to Buddy4Study, be a member-partner and pursue their dream education.

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