Securing a scholarship can be a make or break opportunity for any student, especially the ones that come from low-income backgrounds. But having a higher IQ, excelling at sports, or getting high SAT scores are just the beginning of the scholarship process.
Scholarship applications start with paperwork. Students are required to submit their educational, medical & financial documents, along with an array of forms, which are checked & approved by the scholarship department before being sent for university or government approvals. And if you think managing all this paperwork is already hard enough, imagine having to enable it for thousands of students each academic year.
Scholarship delays can occur due to faulty or missing paperwork, delays in approvals, and many other factors. A scholarship management software streamlines the scholarship process to such an extent, that applicants, as well as approvers, can not just submit, organize, edit, approve & share documents with ease, they can also track their application’s status, make changes to the application, and add missing documents with a single click.
Scholarship management systems also provide an automated indexing feature that drastically reduces data extraction time by automatically scanning & extracting necessary information like the applicant’s name, age, sex, qualifications, amount, etc from text-based documents, PDF files & images.
One of the main reasons for delays in scholarship applications is securing on-time approvals on student documents. Every application goes through multiple rounds of checks, edits & approvals, which becomes even more cumbersome when the documents have to be physically delivered desk-to-desk or transferred one email at a time.