Scholarship Financing Example

A scholarship funding, It is a financing that allows students or researchers to carry out their studies and research when they do not have enough capital to carry them out.

This financing belongs to the group of long-term financing.

To carry out a grant financing, the interested party must make an application to the institution that wishes to provide it, and the institution carries out a socioeconomic study; it is an essential requirement that the student has a specific average as a minimum to receive the benefit.

In some scholarships, upon completion of studies, students must pay part or all of the money received, and it works as a loan.

Depending on the type of scholarship and the institution that promotes it, an endorsement will be required that is in acceptable legal circumstance and that has any property or item that is free of liens.

There are different types of scholarships:

• Totals
• Partial
• General
• Specials
• Sports

The base is the same but the full scholarship, covers the total student requirements, the

partial scholarship, only a fraction of the requirements, the general scholarships attend simple studies and special scholarships, which focus on specific programs and sports scholarships, which are aimed at the development of the athlete.

Scholarship funding example:

Let us exemplify with a young man who finished his high school.

When the young Carlos Noriega Méndez finished his high school studies, he wanted to study a career; He sought a place in several universities, and in his entrance examination his qualifications allowed him to enter the law school, which is a private school.

In order to enter, it requires a capital that it cannot have, such as rights and tuition fees, and that is why He went to the scholarship office, where they told him that by average he is a candidate to compete for a scholarship.

To acquire this scholarship, a socioeconomic study was carried out, and a request for an endorsement was made that could guarantee the process that is being carried out.

Having an 8.5 average and recognized academic performance, I entered the scholarship contest.

When he fulfilled the requirements, a college between teachers was held, in which he was selected along with other students to receive a full scholarship, which would enhance his studies.

He was assigned the amount of 5000 pesos per quarter that are delivered to him in a scholarship account, which is supervised by a school official.

In order to maintain the scholarship, he must have a good academic performance and an average of 8 to 10 in his grades as well as that he was assigned a synod who will supervise his school activities.

 Now he must maintain his grades and have sufficient school performance to be able to maintain the scholarship funding that was awarded to him; finish your studies.

The scholarship program in which he was selected requires a commitment, in which after finish their studies, they will replace the capital that was transferred to them plus 4% per year that will be added to the total required.