Perception Of Educationists On The Impact Of Fully Funded Scholarships On Youths
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CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
One strategy used by a number of countries, including those that were once part of the Soviet Union (such as Azerbaijan, Armenia, Kazakhstan, and Russia), as well as governments in other parts of the world (such as Brazil, China, Iran, and Saudi Arabia), to develop their human capital is to provide financial assistance to students from their home country so that they can attend postsecondary institutions in other countries (Knight, 2016). According to Ace- moglu and Robinson (2016), a population’s level of educational attainment is a key measure of a country’s total amount of human capital acquired, making it one of the most important factors in determining a country’s level of prosperity and economic competitiveness on a global scale.
stage. According to the World Economic Forum, higher education is critical to a country’s competitiveness because “today’s globalizing economy necessitates countries cultivating pools of well-educated workers capable of performing complex tasks and adapting rapidly to their changing environment and the evolving needs of the production system.” This statement emphasizes the importance of education beyond high school for national competitiveness (Schwab, 2015).
Significantly, the governments of the countries that support international scholarship programs believe that the advantages of obtaining a higher education from a school in a country other than one’s own are distinct from the advantages of studying at a school in one’s own country (Messer & Wolter, 2017). This method may be able to broaden global perspectives.
of the people of the home country by utilizing the long-standing and high-quality educational programs available in other countries (Knight, 2016). It may also encourage the exchange of information and the development of skills that businesses require. In 2010, approximately 3.5 million people, or 2% of all students enrolled in higher education worldwide, studied in another country (UNESCO Institute for Statistics, 2015). Even if the proportion is small, the potential benefits of studying abroad to individual and societal prosperity may be significant, particularly in a country experiencing economic and political unrest.
Despite this, most student educational financial aid focuses on three types of financial aid (grants, loans, and work study) from two sources (federal government and state government). With a few recent exceptions, little is known about the
The impact of fully funded college and university scholarships on young recipients. In 2005-2006, colleges and universities provided 18% of all postsecondary education aid; an additional 7% came from private and employer grants (The College Board, 2006). One electronic provider of information about local, national, and college scholarships (Fastweb, 2017) claims a database of “1.3 million scholarships worth over $3 billion. Given the prevalence of this type of aid, it is surprising that local, national, and college scholarships receive so little attention in the financial aid literature.
1.2 Problem Description
Students’ academic success is commonly measured by their persistence (i.e., continued enrollment in the institution), progression, and graduation (i.e., successful accrual of credit hours), as well as timely graduation ( (Knight, 2016). Many studies show that financial aid and scholarship grants for college students help students succeed. These include both need-based and merit-based aid in the form of grants, loans, free tuition, thesis grants, and scholarships. Financial aid and scholarships, according to Robins et al (2004), may have a direct impact on students’ academic motivation. The student may be directly motivated to persevere and perform well if he or she knows that good academic performance is required to keep his or her scholarship. Grants and scholarships had a greater impact on persistence and graduation than loans. In their comprehensive review, Twombly and colleagues (2015) concluded that the positive effects found in research examining US students who study abroad may be overstated. This could be due to the reliance on data from single institutions and small and non-representative samples, a lack of theoretical grounding, and a disregard for student self-selection into study abroad programs or the growth and development that would occur among college students regardless of their choice to participate in study abroad programs. Despite the importance of fully funded scholarships, little attention has been paid to the educationist perspective on the impact of fully funded scholarships on youths.
1.3 The Study’s Objectives
The primary goal of this study is to investigate educators’ perceptions of the impact of fully funded scholarships on youth.
The following are the study’s specific objectives:
- To determine the extent Nigerian youths access fully funded scholarship.
- To discover Nigerian youths will reap the benefits of fully funded scholarships for educational acquisition.
- To investigate the effects of fully funded scholarships on the educational attainment of Nigerian youths in the country.
- Determine educationists’ perspectives on the impact of fully funded scholarships on youth.
1.4 Research Suggestions
This study will address the following research questions:
- To what extent do Nigerian youths have access to fully funded scholarships?
- What are the advantages of fully funded educational acquisition scholarships for Nigerian youths?
- What are the effects of fully funded scholarships on the educational attainment of Nigerian youths in the country?
- What do educators think about the impact of fully funded scholarships on youth?
1.5 Importance of the Research
This study will be extremely beneficial to Nigerian society because the findings will reveal the benefits of fully funded scholarships to youths and the impact it has on Nigerian society.
This study will also influence policymakers’ and educators’ decisions on the need to improve the various scholarship schemes across the country and make them more accessible to the nation’s teeming youths.
1.6 Scope Of The Study
This study focuses on the advantages of fully funded scholarships for youth educational acquisition. This study is specifically focused on determining the extent to which Nigerian youths have access to fully funded scholarships, as well as the benefits of fully funded scholarships on educational acquisition for Nigerian youths discovering the effects of fully funded scholarships on the educational acquisition of Nigerian youths to the country, and discovering educators’ perceptions of the impact of fully funded scholarships on youths. The survey respondents for this study will be selected youths from Lagos State.
1.7 Research Limitations
During the course of conducting this study, the researcher encountered a number of challenges, including time and financial constraints, as well as language and respondent attitudes. Nonetheless, the researchers were able to overcome these challenges and ensure the success of this investigation.
Furthermore, the case study approach used in the research
presented the investigator with a number of challenges, including the possibility of making incorrect judgments and being prejudiced. Despite this, the investigator was able to overcome the difficulties by adhering to the broad principles of process respect, justice, fairness, impartiality in observation and recording, and evidence weighing.
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1.8 Terms Definition
Fully Funded Scholarship: A fully funded scholarship covers all of your college expenses and cannot be used for anything else. Scholarships are typically provided by colleges and universities, as well as private organizations with generous donors.
Education is a deliberate activity aimed at achieving specific goals, such as transmitting knowledge or developing skills and character traits. These objectives may include the development of understanding, rationality, kindness, and honesty.
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