The decision to study at university comes with a unique set of considerations, and one that often tops the list is the financial aspect. Whether you’re studying full-time, part-time, on-campus or online, the choice to pursue higher education will no doubt impact your lifestyle in some way, shape or form. From tuition costs to the potential variation in income while you study, it's important to be aware of opportunities that can help you manage these financial adjustments. Scholarships are a valuable resource, offering not only financial support but numerous other benefits. Continue reading as we explore everything about university scholarships, dispel common myths, and discover the impact of scholarships.
What exactly are scholarships?
Scholarships are a form of financial support designed to assist students with a wide range of educational expenses. These can include costs such as tuition fees, study materials, living expenses, and sometimes even practical experience or study abroad opportunities. Scholarships can vary in structure – while some consist of on-off payments, others provide ongoing support throughout the duration of a degree. Along with the financial assistance that a scholarship provides there are many other benefits of scholarships. Keep reading as we explore further!
Types of scholarships
The types of scholarships available to you will vary depending on the tertiary learning provider you choose to study with. At UniSQ, we offer a wide range of scholarships for future students and current students. Along with student success scholarships for those who demonstrate academic excellence, there are also scholarships available for those who are leaders in their communities, for specific diversity groups, and for students requiring accommodation support. We also offer scholarships for athletes, Aboriginal and Torres Strait Islander students, and research students, to name a few! Explore our scholarships at UniSQ to learn more.
Benefit of scholarships
If you’re wondering ‘How a scholarship will benefit me?’, look no further. Follow on as we unpack all the reasons why a scholarship is the opportunity that keeps on giving.
The impact of scholarships on students can be transformative, fostering positive outcomes including:
- Academic achievement
The support a scholarship provides can be a game-changer for your academic journey. By easing the financial pressure, you can focus more time and energy into your studies and other academic pursuits. This also creates more opportunity to fully engage in other opportunities, such as networking or social activities, helping to enrich your overall learning journey. - Reduced financial stress
Scholarships can play a big part in reducing financial stress. Depending on the monetary value, scholarships have the potential to reduce your need to work (or work as much!) during your studies, allowing you to focus more on your learning. This financial assistance can also help towards minimising your student debt, providing you with more financial freedom and peace of mind as you begin the next chapter of your career. - Access to resources
Many scholarships come with additional benefits beyond financial support. Among these are access to mentoring programs, networking opportunities, and academic support services. These benefits can make a significant positive impact on your learning journey, providing you with valuable guidance, industry connections, and encouragement throughout your studies. - Career opportunities
Having a scholarship on your CV is a great advantage – and might even be the thing that sets you apart when it comes to entering the job market. It demonstrates to potential employers that you have been recognised for your commitments and potential. Scholarships can also provide lead to experiences such as internships, research projects, or other academic opportunities – all of which can be added to your resume to position you as a competitive candidate for roles. - Personal growth and confidence
Receiving a scholarship can do wonders for your personal growth and self-esteem. Not only does it boost your confidence, but it also provides motivation to strive for more. A strong sense of accomplishment often leads to bigger and better things!
3 common misconceptions about scholarships
1. You need to be a high achiever
While some scholarships do require high academic or athletic achievements, there are many other types of scholarships that are based on other criteria such as community service, leadership, equity, or area of study. So, ensure you do your research to see which scholarships are the best fit for you.
2. Scholarships are too competitive
With so many types of scholarships on offer, there is plenty of opportunity out there. Don't let competition discourage you, you may be surprised! Often other students are feeling the same way, so putting your best foot forward is always worth it. Remember, every applicant has their own unique story and set of qualifications. You might be exactly what they are looking for in an applicant. And remember, you won’t know until you try!
3. It’s not worth the effort
Even small scholarships can make a big difference! Every bit of support that helps lighten the financial load is a good thing, enabling you to concentrate more on your studies and personal development. Aside from the financial benefit, keep in mind the countless other benefits that come with a scholarship as well. Not only can they open the door to job opportunities, they can also provide valuable networking connections and mentoring support – the impact of scholarships is significant! And remember, you can apply for more than one scholarship at a time!
Tips for scholarship success
- Do your research – take your time to browse the scholarships on offer, making sure to look for those that match your interests and talents.
- Submit a strong application – make the effort to customise each scholarship application to highlight your strengths and show how you meet each of the selection criteria. Adding a personal touch can make all the difference to help you stand out during the consideration process.
- Ask for feedback – reach out to friends, mentors or colleagues and ask them to review your application. An outside perspective can often you expand your thinking and provide clarity and reassurance.
- Be organised - give yourself the gift of time and gather all your supporting documentation early so it's ready to go. Ensure you keep track of all the important scholarship deadlines like closing dates, so you aren't rushed and leaving things until the last minute.
Ready to take the next step?
A scholarship has the potential to make a big impact in your educational journey, so why not take advantage of the opportunity to apply?! Browse through our scholarships online whenever it suits you. If you have any questions about eligibility or the scholarships we offer at UniSQ, feel free to get it touch with us. We're here to help you find the best opportunities!
