Scholarships for students are established to enable students’ success, decrease their financial burdens, encourage academic excellence, and make education easy for students with financial needs. It ensures that financial assistance from philanthropic organisations reaches students to promote education and motivate students.
More often than not, scholarships are awarded to students based on financial needs. A student who comes from a family where their income falls below average would be considered in this instance. These students would not be able to cope with the financial burdens that come with being in college. For a company to verify that a family cannot pay for their child’s tuition, their income and tax documents would be looked at and compared to the average family’s income and then categorised as unable to cater for the student’s financial needs.