To continue an education to a higher level is the dream of most people. The main reason could be because you want to increase the knowledge or to advance your career. Unfortunately, education does not cost you a little, especially if you want to continue abroad.
There are many types of financial aid for international students who want to study abroad. One of the most common is a scholarship. Many institutions and educational institutions abroad, which provides scholarships to students each year. In addition, there are many other types of financial aid that will be discussed below.
Academic Scholarships
Scholarships can bear only a portion of the tuition fees or even the entire tuition. Many bases that are used to provide scholarships, for example, the most common base is the academic achievement or contribution that students have given to local communities.
Sport Scholarship
It is usually called “athletic scholarship”, which is awarded to those who have outstanding athletic skills. In America, this scholarship is very common, where the university sport is popular and can be a source of enormous income through ticket sales, souvenirs and others.
Although called as a sports scholarship, does not mean the scholarship recipients need only candidate in the field of sport, they also have to maintain their academic grades. If not, then the scholarship can be halted.
Bursary
Bursary is a financial assistance that is provided by academic institutions or other groups to assist in the education of students. In English, the term ‘Bursary more frequently used than’ scholarship ‘.
Bursaries are different scholarships. Scholarships are often awarded based on academic merit, while bursaries are awarded based on student needs. Therefore, what considered by the institutions of the bursary is a financial background of candidates who apply for bursaries.
Fellowship
In earlier times, ‘fellowship’ is a term used to describe individual groups given the opportunity to work as partners to pursue science or special studies.
In many English-speaking countries, it is used to refer to those who have reached a certain level of education, for example PhD.
In the form of financial assistance, Fellowship is a grant for outstanding students to conduct research in an institution. To get this fellowship, students must submit their thesis, what they want to learn and why such studies are useful for the study field.
If you are interested in a specific health study, and would like to continue your study about health, our partner: HCG Drops Official Website has a very good research about the major.
Grant
What distinguishes ‘Grant’ from scholarships, bursaries and fellowships are grants given by the government, whether it is a state enterprise or a government organization.
In America, the grant will be repaid by recipients to the body that gives so their graduation. But not all of the grant will be paid back after graduation. Many also grant provided free of charge.
Grant can also be given by the company, which expects students will join them after graduation. If you want to get more information about Federal Student Aid, you can visit our partner at StudentLoans.Gov
Loan
Loans or ‘loan’ to help fund the college is very common abroad, for example in the US or the UK. But loans are not always able to be given to international students. Just like a regular bank loan, the loan must be returned by way of installments and interest at the time of graduation.