8 Common Ways To Lose Your Scholarship

Don't start relaxing!!!! Your role does not end after receiving the scholarship. The way you behave after receiving the scholarship is as equally important the way you behave before receiving the scholarship. Scholarship providers have 100% rights to cancel the aid if they feel you don't deserve it.

Updated by Viswathika on 27th February 2020

Scholarships are financial aids provided by the government based on your performance in particular fields like academics, sports or low economic background. Scholarships are boon to pay your academic fee for further studies. Here are some 7 common mistakes you commit regarding your scholarship. Sidestep these mistakes to avoid making scholarships a bane.

  • Low academic performance

  • Switching your majors

  • Missing to renew your scholarship

  • Switching colleges.

  • Fake Resume

  • Using scholarship money for other purposes.

  • Low Credits

  • Poor Disciplinary record


Low Academic Performance

Most of the scholarships provided are Merit-based. That means they depend on your academic performance. An obvious way to measure your academic success is the GPA you obtain at the end of each semester. Most Scholarships demand at least a 3.0 Grade point. Check with your scholarship provider for exact details.

If you have a lower GPA, try consulting your academic faculty, Try improving it or ask for another way to improve your GPA through a non-scholastic way like sports and internship. Don't lose your scholarship due to your lethargic and carelessness. Focus on your academics, even after your scholarship got approved.


Switching Your Majors

Most scholarships are provided based on the major you choose in college. Choosing a particular major would have fetched you the aid. If you turnabout to another major, then the scholarship may get canceled. To avoid it, talk with the scholarship provider regarding the switching of major. If they support it, then change the major. If they oppose it, try applying for a scholarship based on your new major.

For instance, if choosing French as your major fetched you a scholarship and due to lack of interest you want to shift to Biology, then search for a scholarship that is provided for Biology as your existing scholarship can get canceled.


Missing to Renew Your Scholarship

All the renewable scholarships should be updated after a year or at the time they specify. Missing the deadline to restore your scholarship may cost you to lose it. Be aware of the renewal date, if you are offered a renewable scholarship. If you fail to do, you may either lose it permanently or sometimes you have a chance to apply for it again. To be on the safer side, keep it updated regularly.


Switching Colleges

Changing or shifting to new colleges can make you lose your existing scholarship. The scholarships based on the college you join is very specific about the institutions you study. For example, scholarships provided by Harvard can only be used when you study there. In case, if you shift to other institutions, scholarships get canceled. Under some circumstances, if you want to shift your college, try asking for the scholarships provided by the new college.


Fake Resume

Sometimes giving bogus details about you in your resume, makes you lose your scholarship. Scholarship providers are very sensitive regarding the information you provide them with you. Moreover, try giving correct details regarding the GPA, credits and other essentials particulates. If you are applying based on any category or other special cases like disability then you must have an official proof or a verified certificate mentioning it. Without a proper certificate, chances are there to cancel your scholarship.


Using Scholarship Money For Other Purposes.

Most of the scholarship providers expect you to spend the money, only on Qualified educational purposes. Spending on things other than specified educational uses, even if it is academic, can make you lose the money. Be sure, where you use the money. Check with your scholarship regarding it. If you are not sure about using the money, consult a financial advisor or moreover your mentor to get help with.


Low Credits

Along with your GPA, some scholarships also demand you to have a minimum credit. They ask for specific credits in each semester. Total credits required change according to the part/full-time course you opt for. In a Full-time course, you require credits of 12 or more and in a half time course, you require 6 credits or more you. Try consulting your Faculty, if you have credits less than the required one, try improving them.


Poor Disciplinary Record

More than academics, most of the scholarship expects, Discipline. Your disciplinary actions can also cause you losing your scholarship. Activities like

  • Alcohol consumption 

  • Drug addiction

  • Bullying 

  • Using unparliamentary words inside the campus

  • Misbehaving with faculties

  • Jaywalking

  • Disobeying traffic rules


Finally,

Don't get overexcited if you are getting a scholarship. Maintaining a good profile even after winning a scholarship is very important. Sustaining the given scholarship is harder than receiving one. If you receive a scholarship, you are a lucky one. Try to be thankful for it. Try fulfilling all the required requirements. Sometimes, eligibility criteria vary from year to year. Be up-to-date with all the information regarding the scholarship and equip yourself concerning that.