Most of us dream to be able to go to school, enter a college of our choice and finish a degree of our liking. But studying entails a lot of cost and not everyone is able to afford it. This is why most schools offer a scholarship program to help academically inclined students with financial aid. Scholarships are not simply given to anyone as this involves number of requirements. But before this could be carried out schools and other relevant organizations often draft scholarship proposals to present to the board of directors or stakeholders in order to fully utilize and implement an effective and well defined scholarship program. Read more about scholarship proposal in our article today and for free templates you may want to check out our scholarship proposal samples below:
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What Is a Scholarship Proposal?
A scholarship proposal is an document that seeks sponsorship from schools or learning institutions for academic scholarship for certain individuals. Depending on the scope on which the scholarship is inclined to support, this may be either of potential students with disabilities, the underprivileged, those who are displaced and etc. Proposals is a sort of a marketing document in which you cultivate an initial professional relationship between an organization and a donor over a project to be implemented. The proposal outlines the plan of the implementing organization about the project, giving extensive information about the intention, for implementing it, the ways to manage it and the results to be delivered from it.
How To Write a Scholarship Proposal?
Scholarships are often a big help to students since it gives an opportunity for them to learn education. Without assistance from an outside source, students may have trouble paying for the degree. Since not all students have the capacity nor resources to study in a school or pursue higher education, organizations at times create scholarship proposals to implement a scholarship program following a certain criteria on which it aims to support. Scholarships are not limited to those students who apply directly on the program, often times schools can also offer these to others in a certain bracket or eligibility. Let’s learn more on how to write a scholarship proposal with the following elements:
I. Purpose and Overview
Define the purpose of the proposal scholarship program. Like most proposals this would address a certain problem, in this case for certain eligible students who will be rewarded with this scholarship. A brief overview of the requirements intended for the scholarship to be implemented and perhaps any exclusions if applicable. Basically this section is all about the proposal’s objectives, methodology, anticipated outcomes and financial necessities. Providing information on the benefits that the grantee, community, government, or client will see for their investment.
If you are writing as an individual or as an organization, it is best to give a formal introduction in your proposal letter. Share as much relevant information as you can about your infrastructure, history, mission, experience, etc. Here you include a biography of key staff, organization’s goals, and philosophy; essentially highlight your expertise.
III. Problem Statement
The problem statement will heavily rely on quantitative data and a research in this case of eligible students who can take the scholarship. Check on the history of the underlying problem, previous solutions that were implemented and potentially failed, and explain why your solution will make a difference.
IV. Proposed Solution to the Problem
State how a scholarship program can solve a problem with a certain criteria or scope you intend to direct the scholarship to. For example of students with disabilities, how this can help make their lives better and pave way for their future. Include arguments in favor of your solution and some hints as to how to implement the solution.
V. Methods and Procedures
You will need to define the method how scholarships are awarded to certain individuals and the requirements needed to choose eligible students. This has to be narrowed down to several steps and procedures.
VI. Benefits of Your Proposal
Since this is a scholarship proposal the benefits are highly recognizable as this will be of great help to students regardless of social standing, race, physical attributes and gender preference. State the different benefits and positive effects of your proposal in terms of sustainability and support it can deliver to students who are eligible.
VII. Outline a Project Budget
This is the section when you go into detail about exactly how you’ll be using the resources from an operational standpoint. Do your research in order to get the right figures to be presented to the board or donor.
What Criteria Are Scholarships Awarded?
Scholarships are awarded based upon various criteria, such as academic merit, diversity and inclusion, athletic skill, financial need, among others or some combination of these criteria. Scholarship criteria usually reflect the values and goals of the donor or founder of the award.
What Is a Scholarship Application Process?
A scholarship application is entails several procedures such as completing requirements, and if you pass the first step additional requirements is required by the school board such as to submit an essay or a video. Some scholarships also require you to submit certain documents like a transcript or a letter of recommendation.
Do Scholarships Have to Be Repaid?
Since scholarships are given for free and is tagged as an award to deserving students, there is no need to repay grants or scholarships, which are considered gift aid. Grants are typically awarded by the federal government, states or colleges and are usually based on financial need. Scholarships are typically awarded for merit, athletic talent or other student achievements and characteristics.
Scholarships has been of big help to numerous students across the world. Some of the greatest minds are scholars from from schools and universities. The aid scholarships has given helped shaped the minds of students of all walks of life, giving them a chance to learn and secure their future.
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