"A student entails a barrage of academic, social and familial responsibilities that only keep amplifying over time; the wait for success and validation becomes rather cruel and tiresome as you trudge through your projects and chores. Your mental state could very well be distorted by the pressures you begin encountering on a daily basis. Though a scholarship might not ensure a general state of wellbeing that you certainly deserve, it can definitely relieve many of your financial difficulties. The range of reasons that have led to the increased popularity of postgraduate scholarships in India must be identified so as to examine the pitfalls of the national education system.
Seeing how most government-subsidized postgraduate scholarships differ on a state-by-state basis, it becomes essential to conduct extensive research into the different sources of funding arranged by state departments. Oftentimes, an increase in funding or an addition of new donors might increase the amount of postgraduate scholarships being offered by state institutions. Thus more students begin to apply for them in an effort to afford their postgraduate studies.
Outside of the standard tuition fees that are already imposing enough as it is, a postgraduate student has to grapple with a number of relevant expenses that factor into their education. Residence and transit fees, food expenses, registration and textbook prices, phone and internet services continue to pester the students throughout the year. In these cases, postgraduate scholarships significantly lessen the burden of the students and provide them with financial flexibility in terms of paying for these ancillary expenses. Thus it is only natural why you must consider applying for a postgraduate scholarship as soon as you are presented with the opportunity to do so.
Fluctuating Business Cycle
The Indian education system is highly reliant on the strength of the national as well as global economy. Hence, the popularity of postgraduate scholarships in India also reflects changes in economy such as interest rates, exchange rates, business and personal investments. If the economy is doing well for the majority of the populace, then more students will have greater incentives to pursue higher education. It is also likely that more money will be funnelled into science and technology projects that can subsequently raise the demands for students willing to conduct their academic research in these spheres. Thus an increase in the number of postgraduate scholarships in India has much to do with how the students are incentivised to apply for them.
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 of graduation and how scholarships help in the long run. Here, he speaks about the reasons behind the increasing popularity of postgraduate scholarships.