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A bursary [1] is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school , university or college when they might not be able to, otherwise.
A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
In fact, according to the National Center for Education Statistics, 85% of students receive financial aid. This includes taking out student loans, applying for grants or potentially winning a ...
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
This responsibility involves sending bills and making payment plans; the ultimate goal is to bring all student accounts to a "paid off" status. Bursars are not necessarily involved in the financial aid process. Bursars' duties vary from one institution to another. At many institutions, bursars deal only with student finances.
An exhibition is historically a small financial award or grant, of lower status than a "scholarship", given to an individual student based normally on grounds of merit or demonstrable necessity. They have been used at universities of Dublin, Oxford, Cambridge and Sheffield, as well as some public schools and other UK educational establishments. [1]
A dean's list is an academic award, or distinction, used to recognize the highest level scholarship demonstrated by students in a college or university.This system is most often used in North America, [1] [2] though institutions in Europe, [3] Asia, [4] and Australia [5] may also employ similar measures.
In 2015, the Rhodes Scholarship extended into new territories, first with the announcement of a number of scholarships for China, [42] later with the announcement of one to two scholarships per year for the United Arab Emirates. [43] The organization administering the scholarships is preparing to begin naming scholars from China.