Scholarships for Financial Needs
A hundred years ago and further back in time the most common purpose for foundations and scholarships was to support people in financial difficulties. Society back then did not provide the kind of social security it does today. Good-hearted and wealthy individuals would donate money for charitable causes. Many of the foundations and scholarships from that time still exist today. Their capital has grown and they pay out significant amounts.
It can pay off to find out whether there are such scholarships you are eligible to apply for. Many of these foundations have difficulties finding eligible beneficiaries. The Boards of the foundations often have some freedom to interpret the statutes and it may be possible to get such scholarships even if you don't fulfill the requirements to 100%.
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