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It’s no secret. Scholarships can help you pay for college or university.

While that alone is a tremendous help for students, there are also other benefits to scholarships. Most notably, scholarships provide money for education expenses that you don’t have to pay back.

But, the benefits of scholarships don’t stop in your college or university years. 

Put simply, scholarships offer much more than just money. Below, we’ll cover how and in what other ways scholarships help students. 

So, if you’re thinking about applying for scholarships, consider the points below while you conduct your scholarship search

Winning One Scholarship Can Help You Win Many

Applying to a scholarship can be intimidating. Winning even one can seem impossible. The funny thing about these types of competitions is that as you grow successful, more money starts to follow.

As you accumulate small scholarship awards, the list of accomplishments help your résumé stand out and make you a more credible candidate for more merit-based scholarships. When a scholarship committee sees that you are committed to finding awards, applying to them, and winning them, they’ll more likely want to invest in you. This is why, as a general principle, money follows money.

How Scholarships Help Students Achieve Career Goals

As an undergraduate student, you may seek out opportunities that will help build your skills and career profile, such as research assistantships, internships, or extracurricular activities like student council.

So, what do scholarships have to do with attaining these opportunities? Put simply, scholarship money makes you a stronger candidate for any kind of competitive contest. That’s because the wins help distinguish your résumé (especially for merit-based scholarships).

Applying for scholarships can also help you land jobs in the future, especially when competing among new college graduates for employment opportunities. Think about the qualities usually associated with scholarship winners: motivation to succeed, great communication skills, ambition, and many other positive traits. A track record of winning scholarship prizes can communicate these things for you, without you having to say it.

Ultimately, college and university scholarships help to distinguish your achievements from others

Scholarships for College or University for high school students, undergraduates, and graduate students.

Scholarships Offer an Opportunity to Improve Your Communication Skills

Applying for scholarships can help you grow your abilities in the art of communication. To win scholarships and grants, you must know how to communicate a lot of information in persuasive ways. Your scholarship essays should be enjoyable to read, unique, and grammatically sound. The more you practice these skills, the better you’ll get.

Beyond growing your communication skills, understanding what constitutes good writing can have incalculable benefits for your career. Communicating concisely and with precision is a tremendous asset in the professional world. Knowing how to do so can help you convey strategy to your colleagues, express difficult ideas in ways that are easy to understand, and transmit confidence to those with whom you work.

When you communicate well, you can build relationships with others faster and allow them to clearly see your vision and perspective. It’s no secret that effective communication is a hallmark of leadership and professional success. Practice with scholarship writing can help grow this important skill.    

Scholarship Money Allows Students to Focus on Learning and Enhance the College or University Experience

Although college and university scholarships promote student success in a variety of ways, it’s undeniable that money is at the top of the list. The financial benefit of scholarships helps students defray education expenses and diminish the debt incurred through student or private loans.

While student aid helps a lot of people access higher education, you shouldn’t lose sight of the fact that it has to be repaid. Receiving scholarships can, at least in part, remove financial barriers and promote student success in postsecondary life and beyond (reducing the financial burden can have hidden benefits like graduating on time, too).

Certainly, it’s no secret that scholarship money can allow students to focus on learning, extracurriculars, and other items that will benefit their career. When students can focus on these longer-term goals, there’s no telling what one can achieve.

Financial Assistance Without the Pressure of Repayment

Winning scholarship money for the present also influences your financial future. For many students, the pressure of repaying student loans can be significant.

The need to pay monthly minimums sometimes leads students to take on unappealing employment opportunities at the expense of those they actually desire. Similarly, if your career goals require you to do more volunteer work, looming student loans can prevent you from doing so.

The unfortunate reality is that student loans must be paid back after you graduate. Applying for many scholarships may not just help now, but after your graduate school, too! 

College and University scholarships for high school students, undergraduate students, and graduate students.

Summary: Scholarships Help Students with Education and Career Goals

There are many reasons why scholarships are important. Winning a scholarship provides you with a way to pay for college or university costs. But, scholarship recipients are helped in ways that go beyond money. Let’s summarize these points: 

  1. Winning one scholarship can make you a better candidate to win several scholarships.
  2. A record of winning scholarships may help you land competitive extracurricular positions or employment opportunities. 
  3. Submitting many scholarship applications can help build your communication skills. 
  4. Scholarships are financial aid awards designed to help students focus on academics and get the most out of their college or university education. 
  5. Scholarships help you after graduation because you’ll face less pressure to repay student loans. 

Scholarships can help you graduate from college or university in a better position. So, don’t hesitate any longer! Start looking for scholarships now and get a start on those applications! 

Christopher Grafos, Ph.D., is the founder and chief scholarship mentor at BridgesEDU Scholarships.

He’s a first-generation university graduate whose life was transformed by education and winning scholarships. 

Scholarships help students financially, but they also help advance a student’s career. It’s his life’s work to champion this message and share the secrets to finding and winning scholarships. 

Read more about Christopher’s journey here