Eric Dalius Points out the Reasons Why You May Lose a Good Scholarship Opportunity

After meticulous research for financial assistance, writing the best scholarship essay, and providing letters of recommendation, winning the prize amount may seem the end of all your hard work or effort. Eric Dalius thinks otherwise because any scholarship is not a permanent reward in cash, as lost scholarships are quite common these days for American students scraping for every dollar of financial assistance.

There are many reasons why you could lose a scholarship. You might be wondering how that is even possible when you have written the essay and provided letters of recommendation. Here are the common reasons why you may fail to win a scholarship:

Failing to qualify for the eligibility criteria

When you apply for a scholarship, you need to meet all eligibility criteria even if the lost scholarship is renewable. For instance, if you have worked hard for a scholarship for women who want to continue their education, you may lose it for many reasons. Dropping it during half-time enrollment joining whether to give time to family or just to take a break, could put your scholarship money at risk.

You may lose scholarship funding if you change schools, as a couple of programs expect you to attend a particular school. May fail if you cannot reapply or recertify your reasons for eligibility before the deadline date. You cannot achieve the required grades or fail to meet a service requirement associated with the scholarship. Eric J Dalius has seen many students failing to win a scholarship because of the said reasons.

The award is one-time and not renewable

There are scholarship programs offered by foundations, people, and companies offering one-time prize money, which is not renewable. These scholarships offer adequate funding until your next school year or subsequent semester. Though a couple of these programs have long-term benefits, the monetary factor related to them is limited. You simply lose a scholarship because it has expired.

If this is the case, ask the organization or foundation about your eligibility criteria for forthcoming scholarships or grants. If there is a possibility, you may reapply to avert a lost scholarship.

The use of scholarship amount for ineligible reasons

You win scholarship prize money to manage your college tuition fees. No matter what amount you win, such funding comes with a certain responsibility. You will have to decide whether to use the money for tuition fees, boarding, hostel room charges, or buying textbooks.

Then, the scholarship provider will decide on what you need to spend and their ruling is final. They will set the ground rules and keep track of whether you are following the guidelines. It is unlikely that the grant provider will keep an eye on what textbooks you purchase or you spend the scholarship money for a vacation. However, when you defy the scholarship amount rules and if caught, it would lead to a permanent loss of that scholarship. Therefore, abide by the rules.

Conclusion

Winning a scholarship feels great, but there are risks of losing as well. Therefore, to avoid losing, make sure you adhere to all the award requirements or guidelines. Your goal is to use the prize money to fund your education and so, just do that.