Which is better - scholarship or fellowship?

<p>The decision of which is better out of the scholarship and fellowship depends on some personal requirements, academic &amp; career goals and individual circumstances. Here is the brief comparison of a scholarship and fellowship based on these factors:</p><ol><li><strong>Financial Support:&nbsp;</strong>Both scholarships and fellowships offere different types of financial support to the students aiming to get higher education. The scholarships cover (but not all) the cost of tuition, living expenses, travel airfare and sometimes even the cost of standardised English tests.&nbsp; However, fellowships cover a broader range of studying abroad expenses typically after the graduation level. These may include a research grant and also a stipend.&nbsp;</li><li><strong>Purpose and Target Audience:&nbsp;</strong>Scholarships are often provided to students who want to ease their financial burdens of studying a higher degree such as an undergraduate or postgraduate degree. However, the fellowship is aimed at promoting research and graduate level studies for professional development. Hence, graduate level students or students pursuing advanced degrees in the field of research benefit more from a fellowship than scholarship.&nbsp;</li><li><strong>Application Process:&nbsp;</strong>The process of applying for scholarships to study abroad is pretty simple than that of a fellowship. To apply for a cholarship, one must either fill out a scholarship application form (if applying a scholarship provided by government or external organisation), attach some academic transcripts and/or appear for an interview; or indicate their interest for scholarship within their university application itself. On the other hand, to apply for a fellowship, one may need to attach detailed research proposal, LOR or even go through some interviews.&nbsp;</li></ol>

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