Advantages of Scholarships:

              Advantages of Scholarships:

Some of the most valuable advantages of getting the scholarship are as follows:

• Getting a scholarship is to have free money from the donor to pursue further education or to meet other financial needs.
•  One of the major benefits of scholarships is considerable reduction in the cost of attaining the qualification.
•  In other words, it is one of the most cost-effective tools to attain education. 
• In the last few years there has been a blindfold increase in the cost of education which has virtually made higher education next to impossible for the students from low-income group families.
  
•  Now, in these tough times, if such a student gains scholarship then he or she gets an opportunity to earn a good degree and get better paying jobs which in turn can help him or her to support his family.
• Students can completely concentrate on their studies without having any type of financial burden on them like paying the fees,expenses on books and other study material, etc.
•  They can completely focus on their studies without any kind of pressure.
• The tag of ‘high prestige’ is directly linked to an award of scholarship, as scholarships are awarded to students who hold a proven track record of a brilliant score and excellence in their respective fields. 
• Thus, those who attain scholarships are considered to be more intelligent people than the rest and are more respected by the society.
• Another good advantage is that when applying for a job, scholarships serve as a highlight on a person’s job resume as these are also brilliant resume boosters and look fantastic when listed on the resume.
• Scholarships are far better than loans. Actually the comparison between the two is pointless, as loans come with a pay-back liability.
•  Many students who take educational loans from banks and other financial institutions to earn their degrees feel it really difficult to repay the loans and they are continuously under pressure from the banks and other financial institutions.
  
•  Consequently many students can be found working after college to get some money for repaying their loan. Such students are stressed with studies and work at the same time.
•  The enjoyment and freedom to live a stress-free life becomes a distant dream for them.
•  In such cases, the scholarships can make them absolutely free from the burden of repayment. 
•  An additional benefit can be that if they work, their earnings can be saved for future benefits.