Any student can tell you this as a truth and it really goes without saying when you get accepted to the scholarship you worked so hard to apply for, there will be some rules and regulations you need to accept and follow to push through with the scholarship application process. Anyone who has proceeded with a scholarship will tell you that there are some agreements you must read and consider before being accepted.
Knowing what an agreement in a scholarship means and looks like will also be helpful. Besides reading all the agreements between both parties, there are other things to consider before you sign that paper. So, without further ado, let me show you some 12+ scholarship agreement examples in PDF and MS Word.
When we mention the word agreement, we think of something binding. Something that two parties accept on a single area. In this case, an agreement should be carried out legally and obligatory between two or more parties. They are both in a common ground, accepting which course of action each of the parties are willing to take.
We often assume that the words Contracts and Agreements are interchangeable. That they both sound the same in terms of uses but they are literally different from their definition and uses. When we say agreement, what we mean is, when two or more parties agree on an action to be done on mutual grounds. However, a contract is a definite agreement among parties that create legitimate mandatory responsibilities.
A scholarship agreement is a type of contract where the benefactor or the person who is assigned to give and explain the information of the scholarship to the recipient. The recipient of the scholarship is given an outline of the terms and conditions which the recipient must agree to be given the scholarship.
Understanding the fact that breaching an agreement will give you dire consequences. Breaking the agreement or disagreeing with the agreement made in the scholarship means you lose your chance of receiving the scholarship. This should be avoided at all costs since you agreed to follow the rules, the policies and signed to state you understood what you were applying for.
The consequences of breaking the agreement would depend on what both parties have agreed on during the discussion and signing of the scholarship agreement. The common consequence is to terminate your scholarship but this depends on the severity of the issue. If it is not severe, you are given a warning.
Is there any other way to find out about the rules and regulations of the scholarship before agreeing to it? This is where the discussion comes, but if you wish to know more about it, you may do your research or ask anyone who has gone through the same scholarship agreement. But the best advice is to do your own research before agreeing to anything. This is binding so you need to be careful of what you are signing up for.
Most if not all scholarship agreements are not allowed to be taken home, but you are given time to think about it before you comply.
Never give out too much personal information to the agreement. If you have any doubt whatsoever, ask the person in charge for any confusion regarding the agreement.
Scholarship agreements can be quite scary especially if you have no idea what to expect. Even more so when you are not allowed to bring it home since most schools do not allow that for safety reasons. But with the ones listed above on what to expect, this would become easier. Just remember that if you have any questions regarding your agreement, it’s really okay to ask. Also, do remember that this is a binding agreement and if you break it, chances will be, your scholarship will get terminated. With that being said, I wish you all the best of luck.
