We at LPC not only focus on academic excellence but also take the responsibility of promoting the ‘Education for All’ concept to help children grab the world class education at LPC & become educated & responsible members of the society. It is a common thought that children educated from a good & reputed institution are most likely to become more successful & innovative.
In pursuit of finding the best education, most of the students end up compromising their education due to lack of funds & other factors. Let us understand how LPC helps these students by providing major support & offering scholarship in schools like other schools by all means so that the desire of reaching top standards of learning should continue forever.
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What is a Program of Scholarship in Schools
A scholarship is a financial aid which is awarded to students, based on their academic achievement or certain other parameters for the purpose of education whether primary or higher. However a scholarship in schools is different from a student loan. A student loan is a form of financial aid which has a clause of repayment of full amount along-with interest.
On the other hand a scholarship does not need repayment. Also the major difference is that the scholarship in schools is basically an award given to meritorious students on their exemplary academic performance whereas a loan can be taken immediately without any merit. Today scholarship in schools is one of the biggest fuel behind success of deserving students. Although there are various segments or types of scholarships which vary as per the requirements, it is broadly categorized into 2 important categories- Merit based & Need based.
Merit Based Scholarship in Schools
Merit based scholarship is the most popular & widely used scholarship in schools which is awarded to the students on their superior achievements in the field of academics, research, arts & sports. The scholarship given here is the award of recognising their efforts, boosting their motivation & helping them to achieve their goals easily. To elaborate, Merit based scholarship is further divided into 4 categories.
1. ACADEMICS-
This is awarded to students who have exceptional academic performance. Here the financial support is provided to let them enjoy the resources to pursue their higher studies without thinking about the funds.
LPC JOPLING ROAD SCHOLARSHIP PROGRAMS IN LUCKNOW
LPC is glad to announce the scholarship for our meritorious toppers & students seeking admission in class XI ( ISC) with 50% tuition remission aiming to support , inspire & help build their future. The eligibility criteria is 90% & above score in class X. This scholarship program is open for both internal as well as external students.
2. RESEARCH-
Research scholarships are provided to students who have shown exceptional ability in executing research projects, innovations in specific fields.
3. ARTS-
These scholarship programs in schools are presented to students who have shown exceptional talent in the field of arts, dance, music & other streams.
4. SPORTS-
Although this category is not popular in India, nowadays many institutions are promoting sports scholarships to those students who have delivered exceptional performances in sports & athletics.
Need Based Scholarship in Schools
Need based scholarships are specially designed for students with low incomes. We have come across various events in the past where meritorious students could not get the benefit of higher education due to lack of funds which resulted in killing their talents & compromising on lower options.
These funds help the children to meet the costs of tuition fees of the school, books & stationery materials & other expenses which are generally attached to students during their studies at any institution.
Importance of Need Based Scholarship in Schools
The need based scholarships are especially meant to help & support the economically disadvantaged students offering a fair chance to the deserving candidates taking the benefit of higher education & generating a sense of equality. Due to this reason, need based scholarship in schools is one of the most popular scholarship programs in schools.
This also helps to break the cycle of poverty as many such meritorious students when given a chance of quality higher education prove very successful in their lives & emerge victorious in their respective fields. Highlighting the economic benefits, scholarships are exclusively formulated to young aspirants who are at the edge of their careers as employees. Moreover, granting a scholarship can help explore new ways to various educational centers as well as employment opportunities which in turn is a lifetime opportunity for genuine aspirants.
Lets understand some of the major important points of Need based education scholarship programs in schools-
- Benefit to economically weaker section- The scholarship provided here balances the economic stability & helps the lower income group to avail the benefit of higher education through reputed institutions. As the scholarship offers non repayment of the funds, the family can completely focus on the academic part thus opening doors to success & prosperity.
- Withstanding the rising cost of commercial loans- As many private organizations offer education loans for higher studies, their rate of interest is generally high which over a period of time creates a heavy burden on parents. Scholarship in schools here acts as a bridge without creating pain in the pockets.
- Identifying & Recognising the talent- Students with exceptional academic track records are more likely to clear competitive exams if provided with good quality education. Scholarship here plays a vital role of identifying the talented students & providing them the opportunity to grab the power of education to become a successful member of the society.
- Basic Costs & Expenses- Apart from the tuition fees, students also have expenses on food and travel. Many times it becomes strenuous to manage these costs if the student’s family has already paid a handsome amount in the form of tuition fee. Here the scholarship in schools plays a key role in meeting these expenses as well.
- Study Abroad- A lot of students are nowadays choosing to study outside their home country. Specially curated Scholarship programs in schools are the most ideal way for students to fulfill their dream of studying abroad. These awards encourage cultural exchange & attract global talent which is very important for the development of any country. Students are able to get global exposure and develop their own interpersonal skills.
RESEARCH & REPORTS
According to a report by the National Sample Survey Office (NSSO) in 2017-18, financial constraints were a major factor blocking students from pursuing higher education in India. The report pointed out that approximately 30% of students in the age group of 18-23 years were unable to continue with their higher education due to financial reasons. Therefore, it is quite important to acknowledge the noteworthiness of scholarship in schools.
To conclude, scholarships come in various types as elaborated above. It is advisable to remain aware of different schemes & programs which are run by various institutions for scholarships to avail the best opportunities.