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Finances Top 8 academic scholarships available today

mortgageloanes_tl6pc8 by mortgageloanes_tl6pc8
May 7, 2023
in Finances

An academic scholarship is a form of financial aid to students based on academic achievement. It comes in the form of tuition waivers, grants, or loans. These scholarships typically require recipients to have good grades and high SAT scores. Continue reading the blog to learn about the top academic scholarships available today.

The Rhodes Scholarship

The Rhodes Scholarship is a postgraduate award to students from the United States, Canada, and Germany. To avail this scholarship, you must have a GPA of 3.7 and study at an accredited college or university in the United States (or Germany). Applicants must also be under 25 years old as of July 1st in their year of application.

Gates Cambridge Scholarship

Each year Gates Cambridge offers 80 full-cost scholarships to outstanding applicants from countries outside the UK to pursue a full-time postgraduate degree in any subject available at the University of Cambridge.

The Gates Cambridge Scholarship is one of the most competitive postgraduate scholarships in the world. It is open to students from around the world who wish to study at Cambridge University, with a preference for applicants with a high GPA and experience working with disadvantaged communities.

The recipient of this scholarship is chosen based on academic achievement and personal qualities, such as leadership potential and a desire to increase possibilities for others. Students can apply for up to three years but must have a different academic focus each time they use it.

Read more: Top 5 scholarships offered by the Indian government

Marshall Scholarship

The Marshall Scholarship is a full-cost scholarship for postgraduate study in any subject at any UK university. Students from various backgrounds and disciplines who show the most significant intellectual and personal promise are eligible for this scholarship.

The scholarship pays all tuition fees, provides annual stipends (currently £27,000), and offers accommodation. There are approximately 100 scholarships available each year, which cover one or two years of study depending on the degree program chosen by the student.

Fulbright Scholarship

The Fulbright Program is now the largest educational scholarship program in the world and operates between the U.S. and more than 150 countries. 

The Fulbright Scholarship is a prestigious international educational award to study abroad for students from the United States. It’s one of the most sought-after awards among US students, providing opportunities for personal growth, professional development, travel, and cultural immersion.

The Fulbright Scholarship is open to all academic fields, including business, education, the environment and ecology, health and medicine, science, and technology.

Schwarzman Scholars

Schwarzman Scholars is a scholarship program for outstanding students from the U.S. and China. It was established in 2010 by Dr. Stephen A. Schwarzman, Chairman, CEO, and Co-Founder of Blackstone Group L.P., who serves as the Honorary Chairman of Schwarzman Scholars at Tsinghua University in Beijing, China. 

Approximately 50 scholars are admitted into the program to study together for one year at Tsinghua University under a curriculum. The design allows them to explore issues related broadly to economic development and global policy. While also exploring their interests in depth through independent research projects on topics chosen by each scholar based on their interests, strengths, and career aspirations.

Schwarzman Scholars aims to develop future leaders who are intellectually brilliant. It helps them to build new networks among peers from around the world while living in China.

George J Mitchell Academic Scholarships

Students who are enthusiastic about peacebuilding are eligible for the George J. Mitchell Scholarship. The Mitchell Foundation, which offers this scholarship, supports the development of young people interested in making positive change through their education and work.

The scholarship offers one year’s worth of funding for a student from the US or the UK to study at a UK university. It is open only to current or future students who are already studying or planning on looking at universities within the United Kingdom; it does not provide funding for any other types of study abroad programs (including summer programs).

To apply for this award and be considered eligible, you must be-

  • A citizen of either the United States or Great Britain (or hold dual citizenship)
  • between ages 18 and 30 years old as of December 31st, 2019
  • A full-time student enrolled in an accredited degree program leading towards a bachelor’s degree at an accredited college/university in the United Kingdom.

Kanders Churchill Scholarship

The Kanders Churchill Scholarship is an academic scholarship for U.S. citizens interested in studying at a university or college in the United Kingdom. The scholarship covers the living costs like room and board as well as tuition and fees.

Applicants must be pursuing their first degree from a recognized institution of higher education outside the U.S., except those seeking graduate degrees in engineering, architecture, or business administration from American institutions. They must also have completed at least one year of studies before applying for the scholarship. 

Scholarship recipients may not continue with their degree program after receiving this award; it is intended solely for incoming students who have yet to begin their coursework abroad.

Rajiv Gandhi Scholarship for Academic Excellence

A program for undergraduate, graduate, Ph.D., and post-doctoral students called the Rajiv Gandhi Scholarship for Academic Excellence was launched by the state government of Rajasthan. 

The scholarship offers financial aid to students who wish to enroll in graduate, master’s, Ph.D., and post-doctoral research programs in approved 150 Universities and pursue higher education overseas in the relevant fields. The awards given to the chosen students will vary.

Key takeaways

  • Students with a high GPA passionate about academic research are eligible for the scholarships.
  • It can be challenging to receive scholarships. Since there are thousands of applications for some grants, your pre-college accomplishments will receive added recognition if you have a scholarship.
  • Even if you have a solid financial background, you might still be unable to attend some premier institutions without a scholarship. One of the most beneficial aspects of getting a scholarship is having access to a top education.

Found this article helpful? Share your thoughts on this blog, and let us know if you would like us to write on anything specific. Reach out to us here! We would love to connect with you. 

Liked this blog? Read next: Your handy guide on finding available scholarships | Tips included!

FAQs

Q1. What is the critical requirement for an academic scholarship?

Ans –  There are numerous scholarships with educational prerequisites. This indicates that the GPA and test results are the main criteria for receiving the scholarship.

Q2. What is an Indian Oil Scholarship?

Ans- Indian Oil gives 2600 scholarships to students pursuing programs in the fields such as 10+, ITI, Engineering, MBBS, and MBA. The scholarship is offered on a merit-based basis. 

Q3. What does an academic scholarship cover?

Ans – Scholarships usually covetable the total cost of college typically only pay for tuition, book costs, and other educational expenses. These grants, however, probably won’t cover living expenses, travel expenses, or room and board.

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