What is the full meaning of scholarship?

Definition of scholarship 1 : a grant-in-aid to a student (as by a college or foundation) 2 : the character, qualities, activity, or attainments of a scholar : learning. 3 : a fund of knowledge and learning drawing on the scholarship of the ancients.

What is a scholarship student?

A scholarship is financial support awarded to a student, based on academic achievement or other criteria that may include financial need, for the purpose of schooling. There are various types of scholarships – the two most common being merit-based and need-based.

What are 6 types of scholarships?

Some Examples:

  • Academic Scholarships and Merit Scholarships.
  • Community Service Scholarships.
  • First in Family Scholarships.
  • Legacy Scholarships.
  • Military Scholarships.
  • No Essay Scholarships.
  • Prestigious Scholarships.
  • Renewable Scholarships.

Are scholarships free?

A scholarship is a gift aid, and a student does not have to pay the money back on completion of studies. There is a common misconception that scholarships are not available for international students.

Are scholarships paid back?

Students do not have to repay grants or scholarships, which are considered gift aid. Grants are typically awarded by the federal government, states or colleges and are usually based on financial need.

Does scholarship mean free?

The scholarship consists of a particular amount irrespective of the tuition fee. It can be less or more than the tuition fee. On various occasions, candidates need to apply for a scholarship, and candidates become eligible for it automatically while applying to any college/university.

Do you pay back a scholarship?

Scholarships are one of the best forms of financial aid because they don’t have to be paid back. The scholarship money goes to pay for your education. Scholarships are there to help you achieve your educational goals.