Two problems with the scholarship scheme when I applied back in 1961 was that you could only obtain it if you were seeking an Airline career rather than one in GA and therefor you also needed a pass in at least one ATPL subject if not all.
Wrong on both counts.
I told the interview panel that I did not want to get into the airlines and I did not have ATPL subjects.
I did get ATPL later in my career when corporate jobs came my way and I needed it for the LH seat. That was 20 years after getting my CPL.