Rising Costs Impact Students Worldwide

Local scholarships are providing crucial financial support to students, as exemplified by individuals like Martinez-Ambriz and Usher, who have benefitted from programs that ease the burden of college expenses. However, rising living costs are forcing many youth to redefine success, as seen in Canada, where 55% of young adults report financial stress affecting their day-to-day lives. Meanwhile, a Ghanaian student highlighted the negative impact of developed countries' scholarships on her nation's human capital, expressing concerns over brain drain. In India, IIT Dhanbad is actively promoting inclusivity through diverse scholarships aimed at both merit and financial need, benefitting a range of students across disciplines. Conversely, students in Turkey are struggling with inadequate scholarship support amidst economic hardships, with many forced to work to meet basic living expenses, revealing the urgent need for better financial assistance. The challenges faced by students globally underline the critical role of scholarships in education and the necessity for systemic changes to support their financial needs.