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Types of Scholarships

A scholarship is a financial aid given to deserving students for them to be able to continue their education. Various types of scholarship providers (i.e. government, corporations, schools), both local and abroad, offer scholarships that can help you pay your tuition. However, you should first know the type of scholarship that you will be applying for. These are the four (4) types of scholarship you can check!

  • Merit-based Scholarship

    Merit-based scholarships are usually related to academic performance, but these can also be awarded to those with leadership experience and active involvement in extracurricular activities. You can apply for this scholarship if you have stellar grades, or if you were a president in the student council or any major organizations, a team captain, or an official in the Sangguniang Kabataan.

  • Skills-based Scholarship

    If you excel in the arts or are outstanding in your chosen sports, you can avail of this scholarship! This can cover full or part of the tuition and may also include monthly stipend. The tuition coverage varies depending on the terms of the scholarship. Some schools will require you to maintain a certain grade while other schools will require consistent excellence in your chosen field of arts or sports.

  • Needs-based Scholarship

    All scholarships are some form of financial assistance or benefit for a student. However, there are scholarships that qualify one’s financial capability as a major determinant to being granted a scholarship. These scholarships typically set caps on the maximum annual or gross income earned by one’s family as an eligibility requirement to apply for the scholarship.

  • Context-based Scholarship

    Are you a child of a military official, a government employee, or a company/school employee? Are you an alumni or do you have a sibling at the same school? Context-based scholarships are those with eligibility requirements that depend on you and your family’s background. These scholarships usually offer partial tuition discounts or allowance benefits. A full tuition cover may be granted to some special cases, such as for military dependents. It would be best to always double check on terms and coverage of the scholarship.

How do I find the right scholarship for me?

In applying for scholarship, you should consider these seven (7) things so that you can determine which kind of scholarship you are looking for and what you really need.

  • Grade

    To qualify for a full or partial academic or merit scholarship, you should belong to the top 10% of your graduating class, or the top 10% of passers in the college entrance exam. Scholarships typically support students who have a certain grade point average, and it is usually 85% or above. Your grades are an indicator of your academic ability. Scholarship providers want to be sure that they are supporting a scholar who will be successful through their education.

  • Level of education

    Identify the specific program level you are aiming for. Are you applying for senior high, college or graduate studies? Determining this will right away narrow down the scholarships that apply according to your need.

  • Course

    It is common for scholarships to only cover certain courses or tracks (i.e. medical courses, STEM-related). Knowing which course you want to take up from the get-go will help you identify which scholarship opportunities are relevant for you to apply under.

  • Financial Need

    Many scholarships require proof that your family income is below a certain amount. They want to make sure that they support students who demonstrate the need for financial support. Students belonging to families with below PHP 100,000 annual income are usually considered for full scholarships, on top of other eligibilities and based on the type of grant being given.

  • Type of scholarship

    Look at what type of scholarship fits you. Some organizations offer scholarships for various merits. It can be merit-based, skills-based, context-based, needs-based, among others. Knowing what your selling points or strengths are can help determine the type of scholarship you can apply for. Skills-based scholarships (i.e. athletic and arts) usually require the applicant to take a performance test or to provide a portfolio of their work.

  • School acceptance

    Many scholarships are allocated for students in specific programs and schools. You will have to prove that you were accepted into a school and have passed that their entrance exam in order to gain certain scholarships. School scholarships are mostly granted to incoming or newly enrolled students, while there are some scholarships that are also available for current, higher year level-students.

  • Coverage

    Scholarship coverage benefits highly vary from one scholarship to another. Some scholarships cover full or partial tuition discounts. On top of tuition cover, there are some which also provide additional allowance or stipend for school supplies, transport, and the like. On the other hand, some scholarships solely provide allowances to help with day-to-day expenses. This type of scholarship is usually offered to students of state-funded colleges, of which tuition is already subsidized by the government.

Scholarships FAQs

  • How much does a scholarship cover?

    Full Scholarship

    Full scholarships cover full tuition and fees, and may also cover other miscellaneous expenses such as accommodation, stipend, book allowance and the like. Full Scholarships are usually automatically offered to students who scored at least 95% in the college entrance examination. Some universities and colleges also offer full scholarships to students who graduated valedictorian or salutatorian of their high school. Some institutions may also grant full scholarships based on a specific and comprehensive set of requirements. You are likely to have higher chances based on the quality of your submission and your overall fit to the scholarship opportunity.

    Partial Scholarship

    If you scored 90-94% in the college entrance examination or are part of the honor roll of your graduating batch, you may have a chance to score this scholarship! A partial scholarship or a partial tuition grant covers a varied range of tuition discounts from 25% to 75%, with the most common one covering half or 50% of the total tuition amount. Having a higher discount will likely mean accomplishing or qualifying for a higher-level requirement.

  • How do I get the scholarship money?

    The process of receiving scholarship money varies by provider. Some scholarships will pay the school directly, while others may set up a direct bank account for scholars and deposit money on a regular basis. You can inquire with the scholarship provider or the school to find out how you will receive the benefits.

  • What do I need to prepare when applying for a scholarship?

    If you wish to pursue your application for a scholarship, the first step is to fill out and submit an application form before the deadline. Some of the most common supporting documents you need to submit are:

    • ID Photo
    • Proof of acceptance from the school you applied to
    • Copy of Grades (Report Card/Transcript of Records)
    • Essay/Letter of Intent
    • Certificate of Good Moral Character
    • Parents’ (legal guardian) Income Tax Return (ITR) for a year/Certificate of Indigency
    • Recommendation Letter
  • How long does it take to apply for a scholarship?

    Scholarships have different timelines and processes. It is best to begin your scholarship search as early as possible, ideally a year before your target semester. If the process involves an interview, it may take up to a month or more from the initial application submission to acceptance. You may check the provider’s scholarship procedure for the application process. The earlier you complete your requirements, the higher your chances are in having your application processed.

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