Private scholarships, as the name implies are offered by non-government sources like businesses, corporations, etc. If you are planning to enroll to a study program which has a hefty amount of fee, you will certainly be worried about how you are going to meet the fee requirements. You can always go for the various scholarship options that are available at the government level or provided by the institutions of National level. The options are also quite varied. There are scholarships that offer enough money to cover your whole study tenure but for them the competition will be quite stiff and the eligibility criteria will be quite stringent too, there are loans which have a drawback that you will have to pay the amount back to the scholarship provider. The option which you will want to pursue quite actively is partial scholarship particularly because of their easier criteria.
All these are not the only options that you have. Private scholarships are also another option and are offered by organizations, clubs, institutions, businesses, etc., that want to improve the community. The options are varied. Some organizations consistently provide the same scholarships each year and some options are more unpredictable as far as availability is concerned. It is then a great idea to keep a track of all the sources from where you can get information about private scholarships.
Good sources include the internet because it is quite easy to update and communicate your desired information through the internet. Other sources include library listings of scholarships. These get updated regularly too.
One thing that is very interesting about private scholarships is that if you avail a private scholarship and also apply for the financial aid of the school you are going to visit, the amount of money that the school will approve will be reduced by the amount of the money you are getting through the private scholarship. This is undesirable and unfair because the private scholarship will become a bonus for the institution and not for you. A good workaround is to ask the private scholarship provider to release the scholarship funds in the name of the parent of the student.
Generally, you must apply to as many opportunities as you can because this will give you a chance to win at least a few of them. Also most importantly if you are special in some respect you can capitalize on that for instance there are scholarships for tall people, short people, left handed people, etc.