As a graduate student studying abroad, you can manage finances through two key aids; scholarship and assistantship. While both options help you fuel your studies, they have significant differences.
Here, a scholarship is awarded to students based on their merit or need, while an assistantship is a part-time job in a particular field you are pursuing with a stipend.
Therefore, choosing one of the two significantly impacts your educational journey.
Basically, a scholarship is financial aid provided by the university or an institute based on your academic profile or financial need. To apply for a scholarship, you will need to prove your eligibility through your academic profile, application, and essays.
This particular aid is available for both undergrad and grad students and to maintain the continuity of this funding, the students have to meet certain academic criteria each year.
There are typically four kinds of scholarships;
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As for the assistantship, it is only provided to graduate students in a certain field of study. Generally, it is a part-time job that you do within the university and you later get paid.
Here, an assistantship is provided as an opportunity for students who can earn while gaining practical knowledge in their field hence, while applying, you will be asked for your skills and work experience.
Also, assistantship is awarded on a semester-by-semester basis. As for the nature of the job you will be doing, it depends on the position and may include work such as teaching, conducting research, or assisting with administrative tasks.
Moving on, there are three types of assistantships;