Facts and Misconceptions about Scholarship

Before you start applying for scholarships it is important that you understand the Biggest Facts and Misconceptions about scholarships that have been sold by students to other students.

It has been discovered that only a few students who graduated with good grades in their high school apply for scholarships. This is because these students have bought these biggest misconceptions about scholarships without knowing about the real facts about scholarships, and this has stopped them from applying for scholarships after their High School Education. This content will clear the air and in details explain the biggest misconceptions about scholarships. And we will also take time to discuss the fact you need to know about scholarships.

Facts and Misconceptions about Scholarship

This content will provide information on the following:

  • Facts and Misconceptions about Scholarships
  • Misconceptions about Scholarships
  • Facts about scholarships

Some of the Misconceptions about Scholarships to be addressed by providing its required facts includes the following:

Part 1

  • Scholarships are only for students who are gifted
  • There are few Scholarships available
  • You Must be committed Socially
  • Funding will not be enough
  • Uncertain outcome and time-consuming application process
  • It takes time to apply for scholarships
  • Many Applicants and less chances
  • I must have financial need to receive scholarship
  • It is only at the beginning of an academic study when scholarship is offered
  • Scholarships can only be used to fund living expenses

Part 2

  • No worries concerning college, my grades must/will guarantee me Scholarship
  • I’m an average white boy/man. Its possible I won’t be getting a scholarship
  • If I was poor I would have been offered scholarships
  • Someone should tell me where the unclaimed scholarships are, I need the money
  • It is only in the Senior Year that I can apply for scholarships

Facts and Misconceptions about Scholarships

We have divided this content into two segments, the first part is the part that discuses the misconceptions about scholarships, and the second part is the part that discuses the facts about scholarships you wont believe.

Misconceptions about Scholarships

Stay Informed Group have carefully listed and explained these biggest misconceptions about scholarships in bid to get you equipped for scholarship applications. The explanation about these misconceptions will help you understand what the facts are as regards to these misconceptions about scholarships

Here are the biggest misconceptions about scholarships.

Scholarships are only for students who are gifted

Many High School Graduating Students have bought this one of the big misconceptions about scholarships without knowing the facts. They’ve been informed that only gifted students are eligible to apply for scholarships.

Scholarship platforms and foundations use different criteria in offering their scholarships.

Therefore, scholarship application eligibility is not only dependent on being gifted in academics.

Some of the factors taken into consideration when offering scholarships ranges from, coming from a low-income family, nationality, parents occupation or residential location.

This explains the fact that scholarships are not only meant for extremely gifted students.

There are few Scholarships available

this one of the misconceptions about scholarship, but the facts is there are tons of organizations offering scholarships to students. But it is only the biggest among these platforms are known by students. And consequently receive the most application from students.

But the truth remains that there are more than 10 thousand scholarship platforms located in Europe only.  And most of these platform receive less number of scholarship applications. Because they are not noticed by most students.

Unless you put in diligent work in your scholarship search, you may not be able to find this kind of scholarship platforms. And you may end up saying that there are few scholarship awarding organisations.

You Must be committed Socially

This is one of the biggest and pronounce misconceptions about scholarships application. Because it falls in most scholarship criteria and requirement. This is not totally true, the facts is; Why being socially committed is an important attribute when it comes to scholarship applications. The fact about this misconception is that are still scholarships that will offer students an opportunity even if they’re not involved in any kind of social commitment or community work.

Funding will not be enough

This is a very huge misconception, but the fact is that every scholarship platform is careful enough to set out a certain amount that they will offer to students who are considered eligible for the scholarship. Therefore, it is important that read the scholarship description to know how much they are offering. The amount offered by scholarship platforms varies greatly depending! The amount offered to postgraduate students or doctoral students is not the same amount that will be offered to Undergraduate Students.

You shouldn’t bother about whether or not there are enough fund. All you need to concentrate on is winning the scholarship and you will definitely be awarded the scholarship money.

Uncertain outcome and time-consuming application process

This kind of misconceptions about scholarships is a thing of the past, where it is difficult to find scholarships that suits a person, including the uncertainty of winning any of them. The facts is that scholarship search engines now provide the opportunity to set up a profile of you. And this reduces your scholarship search because a notice will be sent across to your email immediately a scholarship is available that suits your profile.

It takes time to apply for scholarships

The facts about this misconceptions about scholarship is just simple, because many application process takes about 10 to 20 minutes. Often, this application processes are done by email and requires less information about you, unlike job application. Though there are some graduate scholarships that requires more details, which might include work experiences, and deluge of information from your CV. But there are other scholarships that requires just your name, location, school and Academic level of study. Just as simple as that.

Many Applicants and less chances

Many students apply for only popular scholarship because of the publicity given to those scholarships. But there are tons of other smaller scholarship organisations that complain that they don’t have enough candidates to offer their scholarships. It is important that you search diligently to see those smaller scholarship with less applicants. Not only those scholarship that receive the biggest publicity.

I must have financial need to receive scholarship

Another pronounced misconception about scholarships.
It is important that you note that brilliant students from rich homes still receive scholarships.

Selection criteria of every scholarship vary greatly.

This is one of the paramount misconceptions about scholarships but here is the fact: some scholarship platforms offer scholarships to students who are academically successful and do not take in to consideration how much the family make. Some Scholarship platform consider nationality of the students and not the financial state of the student.

It is only at the beginning of an academic study when scholarship is offered

Most students lose hope in scholarship application because they’ve already started studying a course, with the belief that scholarships are offered only to students in their first year of study or who are yet to start their post secondary or graduate course.

Most scholarship platforms offer scholarships to students who are already studying a course not taking into consideration if the student is in their first year, second-year, or even in there final year of study

Scholarships can only be used to fund living expenses

The fact abut this misconception is that scholarships can be used to fund just about anything. There are scholarship that are fully funded which covers tuition fees, including living expenses, books and board,  just about anything you can think of which concerns academics

Meaning scholarship platforms provides other forms of funds which might include flight tickets, internships abroad and other related expenses.

facts about scholarships that you won’t believe

On a yearly basis tons of students around the world venture into the task of pursuing scholarship for studies. Some students venture into the task well-equipped with and the facts about scholarships and some other students just have peripheral information about how scholarships work.

Inasmuch as most students believe that being awarded a scholarship is made possible through luck, it is important that it is made clear that students with extra information will always have the upper hand to sail through Scholarship application successfully. Therefore the facts about scholarships is as important as it sounds.

Facts about scholarships

Providing information and facts to the misconceptions about scholarships and important tips on how to be successful in scholarship application is the core value that Stay Informed Group represent. Cognizance of this fact we have explained in this article the fact that every student who is a prospective scholarship applicant or already a scholarship applicant should know about the misconceptions about scholarship if the person must be successful in scholarship applications.

Facts about scholarships

No worries concerning college, my grades must/will guarantee me Scholarship

Banking on one’s academic prowess is not really advisable in scholarship Pursuit. Because most scholarship platforms believe that a student must be involved in Community Services before being qualified for a scholarship. Depending on grades in the long run could deny a person a scholarship.

Below is the fact to this misconception about scholarship:

Facts: approximately 50,000 students on a yearly basis will be offered fully funded scholarship that will cover the student’s tuition and other expenses without that student being extremely academically  buoyant. Many students would be offered scholarship just because of being the best player in his football team and so on. Therefore both students whether academically buoyant or not, should be open-minded and apply to as many scholarship as possible, to be able to cover all college expenses. No students should depend on only academic prowess or Community Services.

I’m an average white boy/man. Its possible I won’t be getting a scholarship

Below is the fact to this misconception about scholarship:

Facts:  Caucasian students are most times 40% likely to be offered a scholarship by private organisations than whites or other students.

Many organisations, firms have justified the creation of scholarship for white students on the basis that minority students are always been offered majority of scholarships. But this myth is simply not true. Because there are out there many organisations that offer scholarship for student from all over the world which directly perpetuates the fact that scholarships are closely balanced and no student should go into Scholarship application with fear of discrimination. Because there is always a scholarship out there for you.

If I was poor I would have been offered scholarships

Below is the fact to this misconception about scholarship:

Facts:  it is actually funny to have discovered through research and interviews that students who’s family make between $50,000 and $10,0000 (average income family) are most likely to win scholarship than students who make less than $50,000.

It is considered important that students take note that not all the scholarship awarding platforms care about how much your family make.  Some platforms actually offer scholarship based on other laid out requirements and not need-based but merit-based

Someone should tell me where the unclaimed scholarships are, I need the money

Facts:  No scholarship platform have money  left for scholarship after they’ve offered their scholarship for the year. Scholarship platforms always have a budget for the year, and there is nothing like unclaimed scholarship anywhere. This myth have been carried for about 30 years now. It all started in the 1976-1977 year, which validated through the study carried out by National Institute of Work and Study. The study estimated that $7 billion was available for student aids but only 300 to 400 million were actually used.

It is only in the Senior Year that I can apply for scholarships

Facts: Any student who is actually waiting to be in the Senior Year before applying for scholarship is already behind schedule. If student can invest their time in scholarship research they’ll discovered that, there are tons of scholarship platforms out there that offer scholarship for Elementary, High School and other students from different levels of studies.

Therefore, students should be mindful on what they read online, because there are myths and lies out out there about scholarship. Don’t be crippled by some unverified information online telling you that you need to be in your Senior Year, or advanced level of studies before you could stand a chance of winning scholarships.

You can even start applying for undergraduate scholarships while in your high school graduating year. It will increase your chances of being offered that particular scholarship. There is no time too early for scholarship application.

It’s no-brainer to wait until you think the right time has come. If you continue waiting, you’ll graduate with a pile of students loan dept. Make a decision now!

We hope this content was helpful. Do well to leave us a comment in the comment section.

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