If there are advantages of anything, then it must have some disadvantages as well. Like all the things, scholarships also have many advantages for the students, but along with its advantages, its disadvantages cannot be denied. Scholarship can provide confidence to the applicant. There are thousands of applicants that apply for any kind of scholarship, if you get interview calls from any of the scholarships, it is extremely beneficial for you. Once you go for the interview, the panel examines your communication skills, problem solving skills, competitive skills and many other skills.
Getting the scholarship can enhance and upgrade the CV of the applicant. Most important thing is that, scholarship fulfills the financial needs of the people. It helps the students to complete their high education easily, without going anywhere for a part time job. You can take admission in your favorite university after getting the scholarship. Scholarships can be proved to be worst for many students. Some students get disappointed, if they do not get scholarship either because of high criteria or passage of due date for application.
Some students also do not get scholarships because of too much competition. Sometimes, the applicants that are new to apply for scholarships get fraud as they do not know any criteria or eligibility. People can cheat them and take their money in sale application form for a high cost. The applicant should not pay anything to apply for the scholarship, otherwise it is surely a fraud.
Some fake organizations attract people by offering different attractive scholarships, but they really offer loans to the people. They mention it in the terms and conditions and demand the money after passing some days. Therefore, it is especially recommended that all the applicants must read all the terms and conditions during the application process.