Research Journal of Social Sciences & Economics Review Vol. 1, Issue 3, 2020 (July – September) ISSN 2707-9023 (online), ISSN 2707-9015 (Print) ISSN 2707-9015 (ISSN-L) DOI: https://doi.org/10.36902/rjsser-vol1-iss3-2020(180-187) ____________________________________________________________________________________ ___________________________________________________________________________ * Department of Education, Mohi-Ud-Din Islamic University, Nerian Sharif, AJ&K Email: shabeena.mz@gmail.com ** Department of Education, Mohi-Ud-Din Islamic University, Nerian Sharif, AJ&K Email: ziarabmahmood@gmail.com *** Department of Education, Mohi-Ud-Din Islamic University, Nerian Sharif, AJ&K Email: nazirshah786@gmail.com 180 RJSSER Research Journal of Social Sciences & Economics Review Effect of Scholarships on Students’ Social Development at University Level * Shabeena Shaheen, PhD Scholar ** Dr. Ziarab Mahmood, Assistant Professor *** Dr. Nazir Haider Shah, Assistant Professor (Corresponding Author) __________________________________________________________________________________________ Abstract The major purpose of the study was to measure the effect of scholarships on students’ social development at the university level. The study was descriptive, and the survey method was applied for the collection of data. The population consisted of all teachers and students of public and private universities of Rawalpindi and Islamabad. The total population of teachers in the public and private universities were 4073 and students were 101968. A stratified random sampling technique was applied for selecting the study sample. The researcher selected 525 teachers from public and private universities as well as 900 students from public and private universities. The researcher developed two questionnaires using a five-point Likert scale on the foundation of related literature and with the help of the supervisor. The validity of the instruments was checked by two experts in the field. The reliability of these instruments was determined through Cronbach’s alpha which was 0.832. Mean, standard deviation, t-test, and regression analysis were used for analyzing the data. It was found that scholarships are available at the public and private sector universities. It was also found that there was a significant effect of scholarships on students’ development. Therefore, it is recommended that scholarships may be spread on the university website, to guarantee students successful learning, higher education institutions will have to meet the challenges of student’s problems. Keywords: Scholarships, students‟ development, Social development, University level Introduction Scholarships are financial rewards provided to students based on academic achievements and commitments. Many scholarships are awarded based on merit. However, some people also consider financial needs. Universities, governments, and companies can provide cash for scholarships in a slightly benevolent manner (Flinn, 2010). Scholarships enable students to continue to receive higher education through financial aid and assist students to continue their studies or further study. All scholarships are issued according to the sponsor‟s standards and wishes. The scholarship is effective for students, reduces the cost of education, and enables students to focus on education instead of part- time work. Scholarships can be used to fund students‟ advancement and degree admissions, as well as student performance. The motivation and confidence to work for a good future (Heller, 2002). One of the main points is that scholarships cannot alone make sure the development of students, scholarships generally do not meet the full cost of tuition fees, even when a student can accrue multiple forms of public and private aid. Depending on a students‟ financial and educational background, maybe it needed any other forms of support to succeed in education. Universities prefer those students who get a scholarship. Getting a scholarship in university is a big deal and maximum universities are looking forward to adding students who will be helpful suppliers to their student body. A merit-based scholarship confirms that you are a proficient student who would be a great addition to the institute (Goodman, 2008) Higher education and financial assistance must be approachable to meet student needs and to provide financial assistance for all students. Financial aid states to any funding or scholarships, award, loans, donations, allowances, to help student access to complete and further education. Merit-based