Rationale for Scholarship Program
- Due to budgetary, fiscal and other considerations, the focus of governments in India is shifting away from higher education.
- Costs of higher education are rapidly increasing due to reduced government support and subsidies and higher expenditure levels
to maintain and improve infrastructure and enhance quality of education.
- Many academically brilliant students are compelled to discontinue their higher education due to the poor financial circumstances
of their families and non-availability of alternative sources of financial
assistance.
- Discontinuation of education results in a waste of talent and a significant economic loss to the students, their families and to society at large. Discontinuation of education among female students results in
an even greater and long-term adverse impact on India’s social and economic development.
Benefits of the Program
- The Program enables the academically brilliant and financially needy students to continue and complete their
higher education.
- FFE scholars are thus empowered to realize success in their career and personal lives.
- The Program enhances the intellectual capital base of the country.
- The enhanced base provides a rich pool of talent and human resources to business, government and other sectors in
India and abroad.What’s more, enabling academically brilliant female students to complete their education results in an even greater
benefit for India’s longer-term social and economic development.
- Every $1 invested in a student’s higher education is estimated to yield an incremental earnings value of 60 times over
the working life of the student upon completion of education.
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