Scholarship
Definition 1 of 2
Pro Tip 1/3
Financial Aid
Scholarship as money doesn't mean you repay it like a loan—it's a gift to support education. His scholarship covered tuition and books, so he didn't need a loan.
Pro Tip 2/3
Merit-based
Often, scholarships are awarded for academic or extracurricular achievements, not financial need. Her exceptional grades earned her a merit-based scholarship.
Pro Tip 3/3
Competitive
Scholarships are usually competitive; many apply, but few are chosen. He beat hundreds of applicants to win the prestigious scholarship.