Let us take a dive into the financial value of top-ranking scholarships and what each stand to give plus their offering.
The amount of money awarded via scholarship majorly depend on factors such as the student’s academic performance, financial-aid, and the specific criteria set by the scholarship organization or sponsor.
On average, scholarship funds can range from a few hundred dollars to several thousand dollars per year.
However, prestigious scholarships like Rhodes Scholarship, Marshall Scholarship, and Fulbright Scholarship can offer the highest amount of money.
How Much Do Most Scholarships Pay?
This is a full list of scholarships that pays the highest amount of money.
1. The Rhodes Scholarship
The Rhodes Scholarship pays for the student’s tuition, travel, and living expenses for two years of study at the University of Oxford.
2. The Marshall Scholarship
The Marshall Scholarship pays for the student’s tuition, travel and living expenses for two years of study at any university in the United Kingdom.
3. The Fulbright Scholarship
The Fulbright Scholarship also covers tuition, little financial assistance, travel, and living expenses for a year of study in the United States.
It’s worth noting that these scholarships are highly competitive and awarded to a select few each year, who are considered among the best and brightest students in their field.
There is a wide range of statistics available on scholarships and financial aid for higher education. Some examples include:
What Do Scholarship Statistics Say?
‣ The largest federal scholarship is Pell Grant, providing financial aid to 7.5 million students.
‣ Around 70% of full-time students in the U.S. receive financial aid for college.
‣ A 2020 report by Sallie Mae, the average scholarship award for students in the class of 2019 was $4,180.
‣ Study found that in the 2016-2017 academic year, about 42% of undergraduate students received a grant or scholarship aid.
However, people really want to know how much most scholarships pay, to know where to apply, and their value. You can never tell all at once.