Scholarship is ” free money ” in the sense that you are not expected to pay them back. Student loans require students to pay the money back, and it could be said that grants and scholarships are more closely related… Scholarships will require students to meet certain requirements, both before and after they’ve obtained it. Gaining scholarship criteria mainly depending on local rules that defined by source of the scholarship. As an example, you could be achieved government scholarship to study well known overseas universities, whilst the companies in the industry or organization like BP, IREX etc facilitate programmers to finance selected students for their further education – which is called scholarship programmes as well.
