A scholarship is basically a grant or a gift that is given to meritorious students, to enable them to continue with their studies. Students from India who wish to study abroad generally go to English speaking countries like US, UK, Canada, Australia and New Zealand. However, with the decline in the value of the rupee and with the increase in the tuition fees and accommodation costs in these countries, it is often not possible for these students to fund their expenses by themselves. These students therefore need postgraduate scholarships to pursue their chosen course. The benefits of such scholarships can be categorized as follows:
• Educational: Students in our country often have to start working after completing their education. Some have to support their aging parents, while others tend to take up work due to some other personal pressures as well. A scholarship normally pays for both the living expenses as well as the education of the student, and thus allows him/her to continue with academics without being a burden on his/her family. There are a number of that a person is liable to apply for.
• Financial: Students often quit studies due to lack of funding, as they do not want to escalate their family’s or guardian’s expenses. Scholarships provide them with free money that covers their educational and living expenses. Therefore scholarships help a person to continue with their studies and achieve the career goals that they have set for themselves.
• Personal: When a student does not have to think about his/her finances, he/she can devote his/her time to something that will add value to his/her degree. A person who has to constantly think about how to earn money to pay for tuition, or how to repay the loan that he/she had availed from a bank cannot concentrate on his/her studies. Thus, a scholarship for postgraduate students in India will help a student to tide over this crisis.
• Career: Securing a scholarship for PG students can also add value to the resume of the student. This is because potential employers will understand your accomplishment as it is not possible for everyone to secure a scholarship. This will make your employer understand that you have some exceptional ability in the artistic, athletic or academic field. It will help you get the job that you want.
Thus, if you are planning to study abroad, you should definitely apply for a post-graduate scholarship that will help to take care of your living as well as educational expenses. You will not be burdened with a huge loan, nor will you have to take up part-time jobs that you do not like.
Rajat Kumar has an engineer’s degree and believes that scholarships play a major role in helping one fulfil the dream of studying abroad. He is now a lecturer in one of the top engineering colleges and loves to educate students on the importance ofPG scholarship when planning to study abroad.