Dear Vaibhav, TOEFL is a language proficiency test for Non English speakers to study orbwork in Native English speaking countries. This test is to test your ability to survive in an English speaking country. Having said that your performance in TOEFL determines the kind of college or University you can apply for. Better the scires, better the chamces of getting admission in a good University. Toefl doesnt help you with a Scholarship.For you to be able to get a Scholarship, you shpuld have a strong Academic profile. Exceptional students get loan facilities and you can check the University's official website to avail such options.