This is money that is usually given for something you have achieved, whether this is academic or extra-curricular. They can be awarded for many different reasons and this is often dependent on the type of organisation that is awarding the scholarships. Different organisations will have different motives for offering scholarships. This is money that is awarded to you which you do not have to pay back.
Academic Excellence Scholarships: Many universities offer scholarships to students who achieve specified grades in their A-levels to encourage the higher achieving students to choose their university.
Musical Scholarships: If you have musical talent and would be happy to perform during your stay at the university there are a range of scholarships on offer for choral and instrumental students.
Personal Circumstances: Scholarships that are based on things that are specific to your personal circumstances, such as where you live, where you go to school, what your parents do, if you have been in care or even if you are a vegetarian!
Financial Need: These are the more traditional type of scholarships, which award money to individuals who are in financial need and might not be able to go to university without the money. You will need to prove your financial need.
Sporting achievement. It does not matter what you want to study, if you have made outstanding achievements in sport many universities will offer scholarships to attract the best talent. Recipients of Sporting Achievement scholarships with usually have to represent the university at sporting events while they study.
Industry scholarships: Companies or professional associations offer scholarships to attract talent into their industry or to recruit graduates. Some include work experience as part of the offer. Often scholars are offered employment on graduation.
Marketing led scholarships: These scholarships have been designed to achieve specific marketing objectives, usually offered by companies that are keen to get their brands in front of students. They are open to all students regardless of where or what they are going to study and can be worth around £5,000.
Charitable purposes: These are more often called grants or bursaries and are offered by charities and trusts, of which there are thousands in the UK. The amount awarded will usually be smaller and it will have a very specific purpose, in line with their charitable objectives.
The application deadlines for scholarships vary and you should check each one to find out when to apply. However, do be aware that some require you to apply before you know your A-level results and others are once you have your place confirmed at university. There are also scholarships offered specifically to second or third year students, so keep an eye out while you are studying. A cash boost every now and then will always be welcome to a student!
Yes, working-age graduates earned £10,000 per year more than the average non-graduate (Universities, 2018)