A scholarship is a financial award given to a student to support their education. Scholarships are typically awarded based on academic merit, financial need, or a combination of both. Unlike student loans, scholarships do not have to be repaid.
Scholarships can be a valuable way to help students pay for college. They can reduce the amount of student loans that students need to take out, and they can also help students avoid graduating with debt. In addition to financial benefits, scholarships can also provide students with other benefits, such as recognition for their academic achievements and opportunities to connect with other scholars.