What Are Institutional Scholarships?

Ever wonder what are institutional scholarships? Well, what I can tell you is that scholarships are a great and rare opportunity for every student desiring to get funding to foot their educational expenses. There are different types of scholarships; however, in the end, their focus and aim are similar and, of course, beneficial to the applicants.

What Are Institutional Scholarships? 

They are also a gift and could come in different forms as grants or financial aid. They do not require repayment. They differ in the application process as well as the requirements. In this article, we will be looking at and answering all questions concerning institutional scholarships.

What Are Institutional Scholarships?

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Institutional scholarships are scholarships offered directly by universities or the university you plan to attend. It could be merit-based or need-based, meaning it can be awarded based on your grades and other extra-curricular activities or a unique talent. It could also be awarded based on your lack of financial capacity to fund your schooling. 

Some schools offer more institutional scholarship opportunities than others. Their award value is also different. This depends on the university’s capacity financially or where its source of income is generated. 

How To Qualify For Institutional Scholarships

Requirements and qualifications for these types of scholarships vary depending on the university offering the award; however, there are similar grounds on which their qualification is based. We will be exploring that in this section. 

To be eligible for most scholarships, a student must meet specific requirements. These requirements include being a permanent resident of a particular state, being a U.S. citizen, and enrolling in an eligible program at an accredited school.

One common criterion is a strong and consistent GPA. If a student is awarded a scholarship, they will be required to maintain a certain GPA and other standards set by the school or agency granting the scholarship. 

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Many factors are considered when determining whether or not an applicant should receive a scholarship, so all applicants should research the requirements beforehand, even if it is from their school or student loan provider. 

How To Find A Scholarship?

You may get overwhelmed when on the search for a scholarship, browsing through different websites, university pages, etc.

Depending on the type of scholarship you are looking for, it would be much easier if you knew which university office awards the scholarship. Let’s look at a couple of directions to your search:

  • Check out the websites of your local colleges and universities. Many of them offer scholarships that are only available to students who attend their school.
  • Search online scholarship databases, such as Scholarships.com or Fastweb.com, which allow you to search for scholarships based on your profile and location.
  • Look into state-sponsored scholarships that are specific to your state or region of residence—these are available through several organizations. 

Can’t Get a Scholarship? No Problem! Here’s Your Next Best Bet. 

Scholarships are fantastic, and they are something worthwhile to look out for. Unfortunately, they aren’t available to everyone. But don’t worry; there are a lot of other options out there that you can use to fund your education.

  • One option is called a grant, which is free money from the government or corporations. You don’t have to pay it back, but you do usually have to fill out some paperwork and apply for it.

Grants are often targeted toward specific groups or people who need help paying for school. For example, if you’re in the military or a first-generation college student, there might be grants available just for you. 

  • Family members who have passed away (like grandparents or great-grandparents) may have left money in a trust for your education.
  • If your parents were born in a foreign country, check with that country’s embassy to see if they offer any scholarships or grants.
  • Work part-time during high school and save up money that you can use at college instead of taking out loans.
  • Do research on private organizations that offer scholarships and grants, such as private companies.
  • You can also lookup scholarships available for your primary or field of study—that’s another great place to start looking!

Institution Scholarship Versus Outside Scholarship

Institution-funded scholarships are awarded by the school itself and are often offered on a first-come, first-served basis. They can be merit-based or need-based, and they come with several restrictions that may make them less appealing than outside scholarships.

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Outside scholarships come from organizations outside of your school, such as companies or individuals who want to reward students with financial aid. These scholarships don’t have any restrictions on how you spend the money (aside from IRS rules), so they’re more flexible than institution-funded scholarships.

That can make them more appealing in some cases, but be sure to do your research before choosing one over another!

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Fully-funded Institutional Scholarships

  • Stanford University Scholarship

Stanford University Scholarship is a fully-funded scholarship for international students offered to Masters’s and Ph.D. students. The scholarship covers tuition fees, traveling allowance, educational expenses, and living allowances. 

  • Yale University Scholarships USA

Yale University Scholarship is a fully-funded scholarship for international students offered to undergraduate, master’s, and Ph.D. students. The award varies from $40,000 to over $70,000. 

  • University of New Haven Scholarship

University of New Haven Scholarship is fully funded. It is awarded to international students who are doing their masters. This scholarship offers experiential learning and job opportunities during the duration of their study. 75% of their tuition fee is catered for with an hourly wage

  • Fulbright Scholarships USA

Fulbright Scholarships are fully funded and offered to international students who are doing their master’s and Ph.D. studies. The program covers tuition fees, living expenses, accommodation fees, flight expenses, and health insurance.

  • University of Memphis Scholarships

The University of Memphis scholarship is a fully-funded scholarship for international students. It is available to undergraduates and those doing their masters. 

Requirements: every nationality, undergraduates and master’s students. Pre-qualification degree, copies of academic transcripts and awards, certificates of English proficiency, personal statement, and a copy of passport. 

Deadline: October 01, 2022

  • University of Minnesota Fellowship 

The University of Minnesota Fellowship Scholarship is fully funded and open t international students doing their master’s studies. It covers full tuition, living expenses, travel, and health insurance. 

  • Clark Global Scholarship Program

The Clark Scholarship 2022-2023 program is a fully-funded scholarship for international undergraduate students. The award would range from $15,000 – $25,000 annually for years if the academic standards for renewal are met.

Deadline: November 15, 2022.

  • The Harvard Arab Alumni Association Scholarship

The HAAA scholarship is open to Arab students who apply for undergraduate studies at Harvard University USA. It was first introduced in 2010 and aimed at promoting its goal of increasing the number of Arabs students at Harvard. 

  • Boston University Presidential Scholarship

The Boston University Presidential Scholarship is open to undergraduate students.  The award is $25,000 annually, renewable for up to four years of study. 

Deadline: December 01, 2022 (annually)

  • Berea College Scholarships

Berea college scholarship is a fully-funded scholarship for international students. It covers the cost of accommodation, tuition, and living expenses. It is open to international students who want to undergo their undergraduate studies at Berea College.

  • Illinois Wesleyan University Scholarships

The Illinois Wesleyan university scholarship is a fully-funded scholarship for international undergraduate students. It covers tuition fees and other expenses. The ward ranges from $16,000 to $30,000 annually. 

  1. Courses: all undergraduate courses offered in the university.
  2. Program period: four years
  3. Deadline: January 1/February 15
  • University of Miami Stamps scholarship

The University of Miami scholarship is fully funded. It is open to international students. It covers the total tuition fees, everyday living expenses, accommodation, and textbooks. Recipients are also given a one-time allowance to buy a computer and offered $12,000 for undergraduate research and conferences. 

  1. Program period: four years
  2. Deadline: November 01, 2022
  3. Application: Apply now
  • Harvard University MBA Scholarship 

The Harvard University MBA Scholarship is a fully-funded MBA scholarship for international students; it covers expenses amounting to $102,200.

  1. Course: Master of Business administration
  2. Program period: 2 years
  3. Deadline: May 22, 2023
  • Helen Hay Whitney Fellowship

The Helen Hay Whitney fellowship 2023 is a fully-funded scholarship for international postgraduate students. The scholarship covers expenses amounting to US$60,000 annually.

  1. Course: Biomedical sciences
  2. Program period: three years
  3. Deadline: June 15, 2022. 5:00 pm EST 
  • University of Mississippi Scholarship

The University of Mississippi scholarship is a fully-funded scholarship for international undergraduate students. The award ranges from $3,900 to $23,454. An international applicant with a GPA of 3.50 – 4.00 will be considered. 

FAQs

What qualities make you a good candidate for a scholarship.

You need to be confident, have leadership skills, compassionate, vision-oriented, and have analytical skills. 

What is institutional grant aid?

Institutional aid is financial aid offered by your school or the school you plan to attend, available only to incoming and current students.

Can you get a scholarship from SAT scores?

Yes, you can. Many colleges and universities offer merit-based scholarships based on your SAT scores. So, working hard to obtain a high SAT score is not a waste. 

What is a college institutional grant?

Institutional grants are awards offered by certain schools, states, or organizations. The Governments do not provide them. 

Do you have to pay back institutional aid?

No, you do not have to pay back. Loans are what you pay back with interest because it was borrowed.  

What SAT score is required for a 100% scholarship?

You should aim for an SAT score of 1200 -1600 if you want to secure a merit-based scholarship. The higher the score, the higher the value of the scholarship you get and the chances of securing one.

Conclusion

Overall, institutional scholarships are similar to regular scholarships. However, there is one key difference—to be considered for this type of scholarship, you need to be part of some institution. 

There are several common types of institutions at the college level, including alumni associations and schools themselves. By becoming a member of the institution, you will be eligible to apply for their scholarship.

While the scholarship application process is demanding, there’s no reason why you shouldn’t apply. Start early to eliminate the stress and make sure that you have time to put together a great application. 

All that is standing in your way is yourself. You have to believe in yourself and know that anything is possible. So, start searching now and find the right scholarship for you. Good luck!

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