Scholarship-granting foundations, organizations, and individuals are concerned with ensuring that the scholarship grants that they bestow on prospective or actual students are not going to waste. One way of ensuring that the student accepting the scholarship would put it to good use is through the signing of a scholarship contract. This contract just like kinds of contract agreement is legally enforceable thus motivating the students to use this scholarship only for the sole purpose of completing their educational goals.
Are you an administrator of any scholarship-granting body or organization? If so, then you must be well-equipped with the working knowledge on how to create a scholarship contract. On this page, we have student contract templates that you may download easily for your use. Scroll down below and select the templates that suit your preferences!
Scholarship Service Contract Template
Scholarship Grant Contract
Scholarship Agreement Contract
What Is the Importance of a Scholarship Contract?
The act of granting scholarships to students may be a noble cause that sprung out from a place of kindness, empathy, or vision for collective human progress. It doesn’t mean that one would forego formal procedures in rewarding scholarship grants. In fact, it is even more important to create a scholarship contract since this act involves a huge amount of money. A scholarship contract ensures the scholarship-granting body with the following assurances:
- That the student being given the grant would only use the money rewarded in pursuing his/her educational goals
- That upon the moment when the student has violated the terms of the contract, his/her scholarship grant would be legally terminated or suspended
- That the university where the student goes to would be involved in ensuring that the scholarship money is being appropriated properly for school fees and tuition
Speaking of contracts, we can provide you with a wide variety of Business Contract templates, which are immensely useful within the business setting. Vehicle-selling companies can download our Automobile Sales Contract. On the other hand, if you are a wizened operations manager involved in providing business management services to startup or established companies, then you may find our collection of Management Contract templates of great use. We also have Independent Agreement Contract templates for freelancers and contractual workers. To access theses templates, simply click on their respective links.
Student Scholarship Contract
Athletic Scholarship Contract
Simple Scholarship Contract
What Are the Significant Inclusions of a Scholarship Contract?
Depending on the grantor’s prerogative, this contract may have varying parts. There are, however, some information that must be included in a scholarship contract. Those are the following:
- the name of the student being given the scholarship
- the terms of the payment of tuition fees and other educational fees
- the terms regarding the suspension or termination of the scholarship contract
- the duration of time when such contract would still be effective
- the name of the course or degree program that the student is enrolled in as well as his/her enrollment status (whether he/she is a full-time or a part-time student)
- the signatures of the student as well as the person or administrator in charge of processing scholarship grants
For future contractual needs, you can also check out our collections of Purchase Agreement Contract, Horse Sales Contracts and Vehicles Sales Contracts. To access these templates, simply click on their links.
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