A scholarship is an award of money to a student based on merit or need.
Like a grant, a scholarship is money that does not have to be repaid.

Name: A scholarship is an award of money to a student based on merit or need. Like a grant, a scholarship is money that does not have to be repaid.
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Scholarships, like grants, are financial awards given to students that do not require repayment. They can be based on various criteria, including academic merit, athletic skill, or financial need.

A Scholarship Is an Award of Money to a Student