Scholarships can differ in purpose, whether they may be merit-based, need-based, aimed towards specific programs/majors, or even used as emergency funding - the list goes on. This purpose is often the driver around the strategy of how students are notified, how these candidates are selected and how the funding is distributed. ScholarshipUniverse offers a variety of ways institutions can offer scholarships to students, managed on a per-scholarship basis using the Application Method field.
For more information about building a scholarship, please review the Scholarships article.
The Internal Application selection is used to require an application to be completed by eligible students who have met the matching requirements of the scholarship. The application is available to be submitted during the scholarship's cycle - during this time the applications submitted can be viewed by school users, but are not available for the review and scoring process. Once the cycle has ended, all of the applicants are ready to be allocated and reviewed by a review committee. Once the reviews have been finalized, the roster of candidates from the final round of reviews will be available to begin awarding.
This method greatly revolves around the scholarship's cycle as that controls the open and deadline date for applying. It has the most steps from publish to awarding but has the strongest review process.
Internal Application Lifecycle
No Application - Direct Award
The No Application - Direct Award selection is used to build a roster of eligible students who meet the scholarship requirements and immediately begin awarding. This method is strictly driven by data based on the answers (whether answered by the student or through the Student Information System import) and does not require students to submit applications or go through a review process. Paired with the SmartRank feature, this allows institutions to efficiently distribute funding in a timely manner.
This method does not depend on the scholarship's cycle; immediately upon publishing, a roster of eligible students is generated and the scholarship is pushed to Awarding status. It has the least amount of steps from publish to awarding.
No Application - Direct Award Lifecycle
Internal Application with Continuous Awarding
The Internal Application with Continuous Awarding selection is a hybrid method of the two above. While it requires an application to be completed by eligible students who have met the matching requirements of the scholarship, institutions are allowed to view the applications and begin awarding while the application is open. This is all managed within the scholarship and does not require a committee review.
This method greatly revolves around the scholarship's cycle as that controls the open and deadline date for applying. Based on the purpose of the scholarship, individual cycles for these scholarships may be preferred.
Internal Application with Continuous Awarding Lifecycle