A couple of questions about Scholarships? :)?

Question

What exactly is a Scholarship? And how does it work? My from understanding..its something that gives you financial support for your studies, right?

Do they cover your living cost aswell, or just your school fees basically?

Do international scholarships work in the same way?

So then what happens after you´re finished studying, do you have to pay back the money you got from your scholarship after you´ve gotten a job and everything?

And i know this is kind of a stupid question but.. im asking this because..i kind of really dont know if im asking all of the right questions or if i know enough about scholarships and everything..so If i wanted to apply for an international scholarship, what kind of questions should i be asking? I mean should i get some financial advice? Are scholarships subject-specific or can i choose any subject?

Any answers you could give me or perhaps any sites that you could recommend me with more information would be very, very appreciated. Thank you so much for your answers in advance. =)

Answer 1

A Scholarship is an award of access to such an institution, or a financial aid award for an individual student scholar, for the purpose of furthering their education. Scholarships are awarded based on a range of criteria which usually reflect the values and purposes of the donor or founder of the award.

Merit-based - financial aid for which financial need is not used to determine the recipient. The recipient may be determined by students’ athletic, academic, artistic or other abilities. The actual monetary value of the scholarship may be negligible, the scholarship being meant to motivate the student and promote the study of the subject. However, this is not always the case and the largest scholarships are almost always merit-based.

Athletic - In the U.S. and other countries athletes who perform well in various athletic endeavors are offered athletic scholarships.

Need-based - financial aid for which the student and family’s financial situation is a primary factor in determining the recipient. Usually such scholarship will cover all or part of the tuition and may even cover living-costs. Very often even need-based private scholarships require the awardees to be distinguished students, as the deed founding the award may include a phrase like: “for the studies of founder's favourite subject in founder's favourite institution of higher education for a talented youths of limited means from founder's home town/county/state etc.“

Ethnicity-based - financial aid where applicants must initially qualify by race, religion, or national origin. After filtering the applicants based on their ethnicity, additional factors are taken into consideration to determine the final recipients.
General - Other scholarships which are awarded for a variety of reasons which do not fall into one of the above categories. These may be for reasons of the student's association with the objectives of the sponsoring organization. For example, some corporations give scholarships to their employees' children.

Most scholarships cover everything from tuition, books to living costs and they dont have to be paid back.

Check out these websites:
http://www.freescholarshipguide.com - Register for a $5000 scholarship
http://www.10KScholarship.com - Register for a $10,000 Scholarship
http://www.scholarshipsearchtool.com - Search from thousands of scholarships

Answer 2

The first questions is a yes.
The second question is a no.
The thrid questions is a no.
The fourth question is also a no.
The fifth question is ask as many questions as you want to ask there is really no right or wrong.