A Brief Guide to Scholarships and Donations for MBBS

A Brief Guide to Scholarships and Donations for MBBS

Wondering about studying abroad, but have no information regarding available scholarships and donations? Do you know that apart from India, on an average 3-4 lakh students every year aspire to study abroad! And guess what, most of them are worried about funding for the course, and it is very heartbreaking to see someone not able to make it through due to financial shortcomings.

Don’t worry, this little guide with the most common FAQs on scholarships will help you out in the process.

We will take you through a basic overview of scholarships and also donations in case you are interested in funding a student’s future.

What are the types of Scholarships?

The major varieties of scholarships available for students include:

    • Country of origin-based Scholarships: These rewards are meant for international students intending to study in a particular country. Do check in with student communities or government-sponsored education portals to know more about such scholarships.
    • Merit-based Scholarships: These scholarships judge the student’s merit based on their academic achievements and other extracurricular achievements. The eligibility requirements of different scholarships might vary accordingly.
  • Subject-based Scholarships: Colleges and institutions reward students with subject-based funding based on their major field of study.
  • Scholarships based on the student’s background: These monetary rewards are given to students based on their gender, religion, race and medical history. These scholarships are meant solely to promote equality in society.

What is the perfect scholarship amount?

Well, unfortunately, there is no such clear number to be spelled out as a perfect amount when it comes to scholarships, other than earning a 100% coverage for your entire study program abroad. Any scholarship offering you 25-50% of the yearly tuition fees will be an awesome bargain.

How do I get a scholarship for my study program abroad?

It depends on several factors that you need to take care of:

  • Collect relevant details and tips and tricks from student communities.
  • Research well and find out the right scholarship.
  • Build a strong resume and make sure you have strong academic references.
  • Contact the University for further details.
  • Manage deadlines and apply pre-hand.

Is there any right time to apply for scholarships?

You cannot generalize the right time. You need to contact the college or the University, or the scholarship provider for specific information on this. Keep track of the deadlines.

Which are the Private Trusts offering Scholarships?

Listed below are some of the private trusts that fund deserving students who wish to pursue higher studies abroad including postgraduate programs.

    • K.C. Mahindra Education Trust: You can get up to Rs 65,000 for various postgraduate programs. You need to submit a complete application by the 31st of March of the year of the scholarship award. Aspiring students for this grant are expected to have received an offer of acceptance from the concerned Universities abroad, or they must have submitted their applications.
  • J.N. Tata Endowment Scholarships: They provide loan scholarships to students enrolled for higher studies abroad. The amount varies between Rs 1.5 lakh to Rs 6 lakh and is not responsible for covering the full expenses of the program. Some meritorious scholars may be awarded a travel grant and also a gift scholarship amounting up to Rs 10 lakh from the Jamsetji Tata Trust.
  • Sahu Jain Trust: The Sahu Jain Trust, founded by Smt. Rama Jain and Sahu Shanti Prasad offers loan scholarships to deserving students for pursuing studies abroad and in India. These scholarships of up to Rs 1 lakh are exclusively for students pursuing higher studies in technical disciplines. You can repay the loan amount in easy interest-free installments.
  • R.D. Sethna Scholarship: You can get an amount of Rs 20,000 to Rs 50,000 at an annual interest of 2% for pursuing undergraduate and postgraduate degrees in scientific, commercial, industrial and technical disciplines. You must submit a complete application by 31st May of the year of the scholarship award.

 

How to write the perfect Scholarship Essay?

Take note of the following points while you begin to write an effective scholarship essay:

  • A little research about the history and background of the trust scholarship you wish to apply for can be of certain help while you sit down to write an essay.
  • You need to introspect on how you can connect the qualities they look for in students, with your life, intentions, and achievements.
  • Methodically plan the content of the essay and don’t rush through it. Create a rough sketch of it and then proceed with the details.
  • Make certain that the language you use is simple and the relevant information is included.
  • Finally, and most importantly, the essay should be free of spelling mistakes and grammatical errors.

What are the basic expenses taken care of by scholarships?

This depends on the type of funding you received. Some might cover 25-50% of your yearly tuition fees, while others might cover your educational expenses, air tickets to your home country and return, and some related essential grants.

Benefits of donation to an Academic Scholarship:

If you are willing to fund a student’s study abroad program, find out the benefits you might get out of it:

  • Tax benefits
  • How It will reward the society in return
  • Weigh the inner satisfaction and fulfillment that you get out of it.

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