Award Disbursement
Award disbursement is the release of funds to a successful recipient, whether as a lump sum or in instalments tied to enrolment, progress or other agreed conditions.
Linking disbursement to verified conditions, and recording each payment, keeps a program financially controlled and provides a clean trail for audit.
Related terms
The newest terms we've added, the words teams managing grants, sponsorship, and CSR come across most often.
Selection Committee
A selection committee is the group of reviewers responsible for assessing applications and deciding who receives an award, applying the program's criteria to reach a fair outcome.
Coordinating committee members, sharing applications securely and consolidating their scores are practical challenges that structured review tools are designed to solve.
Fellowship
A fellowship is a funded award supporting an individual to pursue study, research or professional development, often more substantial and longer than a standard scholarship.
Fellowships typically combine financial support with expectations around outputs or activities, so managing them blends scholarship selection with milestone and reporting tracking.
Need-based Scholarship
A need-based scholarship is awarded according to a student's financial circumstances, directing support to those who could not otherwise afford their education.
It requires collecting and assessing financial information consistently and securely, which makes a structured, privacy-conscious application process essential.
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