Benefits Of Fully Funded Scholarship On Educational Acquisition Of Youths

Benefits Of Fully Funded Scholarship On Educational Acquisition Of Youths

Chapter One

Preface

Background of the study

The position of educational attainment of a population is a crucial measure of the total quantum of mortal capital acquired by a country, making it one of the most important factors in determining a country’s position of substance and profitable competitiveness on the transnational stage( Ace- moglu and Robinson, 2016). According to the World Economic Forum, advanced education is critical to the competitiveness of a nation because” moment’s globalising frugality requires countries to nurture pools of well- educated workers who are suitable to perform complex tasks and acclimatize fleetly to their changing terrain and the evolving requirements of the product system.” This statement highlights the significance of education beyond the high academy position for public competitiveness( Schwab, 2015).

Advanced education is particularly important to the competitiveness of nations with developing and transitioning husbandry, similar as the 15 former Soviet Socialist Democracy, which have been transitioning from socialist systems to request husbandry since the fall of the Soviet Union in 1991. Although labour request programs and other forces also play a part( Rashid & Rutkowski, 2015), advanced education is particularly important to the competitiveness of nations with developing and transitioning husbandry.

A significant reorganisation of the labour request is necessary in order to complete the transition from a centrally planned frugality to a request frugality. Because of this reorganisation,” a considerable weight” is generally placed on the education and training sectors of the frugality in order to” smooth any labour request transition”( Clark, 2016).

One strategy that a number of countries, including those that were formerly part of the Soviet Union( similar as Azerbaijan, Armenia, Kazakhstan, and Russia), as well as governments in other corridor of the world( similar as Brazil, China, Iran, and Saudi Arabia), have enforced in order to develop their mortal capital is to give fiscal backing to scholars from the home country so that they can attend postsecondary institutions in other countries( Knight, 2016).

The supposition made by the governments of the countries that fund transnational education programmes is that the advantages of carrying a advanced education from a academy located in a country other than one’s own are distinct from the advantages attained from studying at a academy located within one’s own country( Messer & Wolter, 2017). This strategy may be suitable to make the transnational perspectives of the population of the home nation by taking advantage of the long- standing and high- quality educational immolations that are available in other countries( Knight, 2016). It may also promote the transfer of knowledge and the development of chops that are needed by employers. In 2010, around3.5 million people, or 2 of all scholars enrolled in advanced education worldwide, pursued their education in another country( UNESCO Institute for Statistics, 2015). Indeed if the proportion is low, the implicit benefits of studying abroad to individual and community substance may be significant, particularly in a country that’s witnessing profitable and political bouleversement in particular.

Governments may encourage the accumulation of individual mortal capital by financing programmes that give fiscal and other support to study in and earn degrees from postsecondary institutions outside the home nation. These programmes may also profit the home nation by perfecting public profitable growth and productivity, the internalisation of popular values, mortal rights practises, and” transnational understanding and knowledge”( Edelstein & Douglass, 2016).

Statement of the Problem

According to the findings of multitudinous studies, going to academy in another country is salutary not just to the actors themselves but also to their home countries( Crossman & Clarke, 2017). Despite this, exploration that probe the results of entering an education in another country have significant methodological and theoretical constraints. Twombly & associates( 2015) reached the conclusion in their comprehensive review that the positive goods set up in exploration examiningU.S. scholars who study abroad may be exaggerated. This may be the case due to the reliance on data from single institutions and small andnon-representative samples, inadequate theoretical grounding, and inattention to the tone- selection of scholars into study abroad programmes or the growth and development that would do among council scholars anyhow of their choice to share in study abroad programmes.

It’s likely that the conclusions drawn about the benefits that affect when scholars from the United States study abroad have limited applicability for other nations, particularly nations that circumscribe eligible countries, institutions, and majors and/ or have conditions for studying abroad after scale. Despite this, the finding of Twombly etal.( 2015) that the individual benefits of studying in a foreign nation vary depending on features of actors and the programme, in addition to characteristics of the host nation, is likely to be true anyhow of the pupil’s country of origin. Whether or if scholars choose to remain in and contribute to the frugality of the nation in which they entered their education and find employment after completing their studies will determine the extent to which a home country benefits from its citizens’ educational gests abroad( Bergerh- off etal., 2015).

Objects of the Study

The main ideal of this study is to examine the benefits of completely funded education on educational accession of youths. Specific objects of this study are

To determine the extent Nigerian youths access completely funded education.

ii. To find out the benefits of completely funded education on educational accession to the Nigerian youths.

iii. To find out the impacts of completely funded education on educational accession of the Nigerian youths to the country.

iv. To find out the challenges of Nigerian youths in assessing completely funded education.

Exploration Questions

The following exploration questions will be answered in this study

To what extent do Nigerian youths access completely funded education?

ii. What are the benefits of completely funded education on educational accession to the Nigerian youths?

iii. What are the impacts of completely funded education on educational accession of the Nigerian youths to the country?

iv. What are the challenges of Nigerian youths in assessing completely funded education?

Significance of the Study

This study will be of great benefit to the Nigerian society as the findings of this study will reveal the benefits of completely funded education to the youths and the impact it has on the Nigerian society.

This study will also impact the policy makers and educationists opinions on the need to ameliorate the different education schemes across the nation and to make it fluently accessible to the bulging youths.

Compass of the Study

This study focuses on the benefits of completely funded education on educational accession of youths. Specifically, this study is concentrated on determining the extent Nigerian youths access completely funded education, chancing out the benefits of completely funded education on educational accession to the Nigerian youths, chancing out the impacts of completely funded education on educational accession of the Nigerian youths to the country and chancing out the challenges of Nigerian youths in assessing completely funded education.

named youths of Gwarimpa in the Federal Capital Territory will serve as the repliers for the check of this study.

Limitations of the Study

During the process of carrying out this study, the experimenter was brazened with a number of obstacles, some of which were limitations pertaining to time and finances, as well as difficulties pertaining to language and the stations of the repliers. nonetheless, the experimenters were suitable to overcome these obstacles in order to guarantee the success of this disquisition.

In addition, the case study approach that was used in the exploration presented the investigator with a number of difficulties, similar as the chance of making incorrect judgments and being subject to prejudice. In malignancy of this, the investigator was successful in prostrating the difficulties by clinging to the broad principles of respect for processes, justice, fairness, equity in observation and recording, and the importing of substantiation.

Description Of Terms

Completely Funded Education A completely funded education covers all charges that your council life entitles you to and the finances may not be employed else. The literacy are generally offered by sodalities and universities or private associations with generous donors.

Education Education is a purposeful exertion directed at achieving certain points, similar as transmitting knowledge or fostering chops and character traits. These points may include the development of understanding, rationality, kindness, and honesty.