If you have a scholarship or several scholarships, first of all: congratulations! Second: did you know you could lose it? Oh! It is an unfortunate reality that scholarships are quite conditional.
After all, there were requirements to be eligible for the scholarship, so it makes sense that there are also requirements for you to keep that scholarship. Each scholarship is different and therefore will have different criteria to retain it.
Low academic performance
This is often the first condition that comes to mind when worrying about losing a scholarship. Some awards are given for academic merit (having a grade point average or test score) and are therefore conditional on maintaining satisfactory grades in college, or even consistently improving them!
If your grades take a nosedive, you better start checking the scholarship rule book. If you’re having trouble keeping your grades up, try forming a study group, changing where you study or talking to your professor about how you can improve your grades. You don’t want to lose your scholarship.
Abuse of scholarship funds
If a scholarship dictates that your money be used only for tuition, use it for tuition only. It seems simple enough, but even well-intentioned students can go wrong and use that money to buy textbooks or study materials. Whoops! Of course, there can be major crimes, like using the money to buy food or clothes (or, you know, worse).
Bottom line: Use the money for the purposes the scholarship explicitly states, or you could lose it all. If you’re not sure what you can use the money for, or if the category seems vague, ask! There is nothing wrong with asking, and it may prevent you from losing your scholarship.
Violation of rules and laws
This should go without saying. If you break a rule/law, you lose your scholarship. Whoever gave you the funds thought you were worthy of them, so don’t prove them wrong. An infraction can be anything from a minor to something major. Plagiarism. Drinking by minors. Unfaithful. Substance abuse. Just don’t risk it. Someone gave you the scholarship and can easily take it back if you give them a good reason.
Modify your student status
Are you a full-time, part-time, or part-time student? Scholarships sometimes depend on the amount of time you spend in the classroom. Thinking of changing specialization? Did you have any specific major scholarships that could be in jeopardy if you make the switch? These are things to keep in mind when it comes to financial aid. There are of course other scholarships available for other majors. Just remember to check the conditions of your current scholarships before making any major changes to your education.