How do scholarships not run out of money?

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There are scholarships at my University that have been around for a few decades. Do people top them up constantly?

In: Economics

21 Answers

Anonymous 0 Comments

I can attest to it being up to the organization that issued the scholarship. I received several scholarships. One went straight to the university, and any funds remaining went back to the issuing organization. I didn’t have a hand in it. Another I was just awarded a monetary amount. If there was any left over I could use it however I wished (for example I found a great deal on a used textbook for 3 bucks instead of the 120 dollar price new, thus netting me 117 dollars).

As others have mentioned, it is indeed up to the issuing organization, so check with them. But, if your studies have successfully concluded and you’re sitting with a positive sum in your bank account, chances are, this is yours to keep.

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