Education is the key deliberate, systematic, and sustained effort to transmit, provoke or acquire knowledge, values, attitudes, skills or sensibilities as well as any learning that results from the effort^[11] (Cremin, Public Education 27). How can people achieve this that do not have funds? But are academicians. The university needs to provide financial aid and scholarship to potential students that are in need.
The assessment of scholarship and financial aid plays an important role in supporting student’s access to higher education and providing inclusivity within academic arena. This research surrounds and examines key parameters, criteria used to evaluate scholarship and financial aid applications, mainly concern with academic merit and financial need. Basically, focusing on the aspect of transparency, equality, fairness’ and an efficient decision making. Again, the study shows categorical challenges such as assessing financial need accurately, managing limited resources and mitigating unfair practices. Finding shows that a well deserving structured assessment system not only provides financial aid support to students but also promotes diversity and academic excellence and shows a strong correlation between financial aid and scholarship.