When a student gets scholarship, he can not only pay his tuition fee easily, but there are also some hidden benefits that are provided by the sponsors. In the market, there are some scholarships that provide limited facilities to the candidate where as some scholarships bear 100 % expenses of the selected candidate. The selected student does not need to spend his time in finding the part time job and earning money for that.
Some scholarships provide full tuition fee of the winning candidate and they also provide money for the room expenses, books and other stationary expenses, board expenses and many other things. Hence you do not need to spend your money to complete your higher education. Once you get selected, you will be able to complete your degree successfully. Such scholarships that provide full support to the candidate to complete their higher education are known as full ride scholarships.
Once you get a scholarship, it will help you to take admission to another level of studies too. Like you can mention in your resume or your application that you have been a skilled student that won a scholarship. There will be increased chances that you can win the scholarship again.
If you do not get any kind of scholarship and apply for multiple scholarship, then you should no need to worry. It will provide you the opportunity to learn something. You can get better scores in different tests like ACT test and SAT test. You will be able to learn many skills, even if you are unable to qualify the scholarship. You can face different challenges regarding applications, resume, competition and many other problems that you face in getting the scholarship.
So there are a number of benefits that are not explained in the statement, but are provided by the scholarship sponsors. You should not get disappointed, even if you have not won any scholarships. You will definitely learn something from these applications and interviews.