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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.
The Jefferson Scholarship is a merit scholarship that provides four years of fully funded study at the University of Virginia in the United States. Considered one of the world's most prestigious [ citation needed ] , the scholarship covers tuition and room and board, and also provides money for summer travel, independent research, and study abroad.
A specific number of students, which varies each year, advance to Finalist standing based on these criteria. At the end of the competition, a select group of Finalists are chosen to receive $2500 National Merit Scholarships. [9] Scholarship winners represent less than 1% of the initial pool of student entrants. [8]
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.
The scholarship was started in 1999 as a result of a $1 billion grant from Microsoft founder Bill Gates. [1] The program is currently administered by the United Negro College Fund and partner organizations including the Hispanic Scholarship Fund, [3] APIA Scholars (formerly known as the Asian & Pacific Islander American Scholarship Fund), [4] and Native Forward (formerly known as the American ...
The Gates Cambridge Scholarship is an international postgraduate award for students to study at the University of Cambridge. The scholarship is extremely competitive with around 1.3% of applicants receiving an award in recent years.
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Students apply directly to the program and are not required to obtain a nomination from their university. The Institute of International Education in the U.S., which administers the Fulbright Scholarships, was initially responsible for the international and American selection processes. This process is now managed by the program's Admissions team.