Scholarship
A scholarship is financial support awarded to a student to help fund their education, granted on the basis of criteria such as academic merit, financial need or a specific field of study.
Running a scholarship program means managing applications, fair selection, disbursement and often renewal, much like grantmaking but centred on individuals rather than organisations.
Related terms
The newest terms we've added, the words teams managing grants, sponsorship, and CSR come across most often.
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.
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.
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