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A bursary [1] is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school, university or college when they might not be able to, otherwise. Some awards are aimed at encouraging specific groups or individuals into study.
Cover letters are used in connection with many business documents such as loan applications (mortgage loan), contract drafts and proposals, and executed documents. While the resume outlines the professional journey, a cover letter allows the applicant convey their personality, passion, and potential contributions to the prospective employer.
A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
Because access to further education, particularly post-graduate education, is linked with social mobility and racial wealth disparity, the scholarship (which is for post-graduate students) continues to attract criticism; however, the scholarship's recent partnership with the Atlantic Philanthropies is intended to help address those issues.
New Zealand Scholarship is a New Zealand secondary school award, awarded to a limited number of students, that provides financial support for study at a New Zealand university. It is awarded by assessing candidates against challenging standards through an examination or, in the case of some subjects, submission of a portfolio and/or report. [ 1 ]