Well if you have a scholarship then bravo, because not everyone can get a scholarship. Scholarships like Benjy Grinberg, Sam Haskell etc. pick students who are needy and eligible at the same time. So mostly those you are getting it will never use it for any other purpose. Education has become expensive especially for your higher studies. So, having a scholarship can be helpful.
But if you are wondering if you can use that for anything other than your tuition fees, the answer is yes and no, but for that you have to read the article. Without any further ado let’s get right into the article and find out.
Firstly, most of the scholarship providers mention in their description about what the money can be used for. Some of the scholarship providers might be specific about that but others can care less about what you use the money for as long as you meet the requirements for application and winning.
The biggest expense of your education expenses is the tuition fees. If you have to use for scholarship money for anything then you should spend it for these costs. Some of the scholarship provides don’t give you a choice about where you can use the money. They would rather send it straight to your university or college to cover your tuition fees.
Using your scholarship money on anything could have an impact on the financial aid. So, you need to inform your school, if you have won any scholarship money.
Room and Board:
The next thing you can use your scholarship money can be for room and board. While some of the scholarships stipulate that you use the money only for your tuition fees, but there are thousands of scholarships out there that allows you to use the money for room and board.
Some of the colleges have the expense of room and board similar to the tuition fees, if not more using scholarship money for room and board can result in helping the students pay the full cost of attendance. A scholarship specifies if you can use the money for room and board. So, ask the providers for more details about it.
Some of the scholarships will cover the room and board expenses at the university only, which means that apartments or townhouses which are off the campus are not permitted under the scholarship rules.
Using the scholarship money for your tuition fees as well as the room and board expenses, some of the scholarship providers allow you to use the money for any education related expense.
Education related expense relate to items such as textbooks, computers, transportation to and from school, and students’ fees as well. When you can use your scholarship money for anything, all these expenses fall under that.
Finally, there are some scholarships which allows you to use the money for anything, which in reality truly means anything. Some students use their scholarships on tuition fees, room and board, and education related expenses on the other hand some students use their scholarship money on groceries, pizza nights or some spring break trips.
But the scholarship providers make the winnings harder for the students than other small scholarships. However, it doesn’t mean that students shouldn’t at least try to win the scholarship. You never know, you might actually win the scholarship.
So, these were some of ways, people can use their scholarship money. Most of the students use their money for education purpose only. Hope this article was helpful for you.