What is scholarship definition?

A scholarship is a financial aid that is awarded to a student to help pay for their education. Scholarships are usually awarded for academic achievement or for some other type of merit, such as athletic talent or community service. Scholarships can also be awarded based on financial need. Scholarships can cover all or part of a student's education expenses, including tuition, fees, books, and sometimes even living expenses. Unlike loans, scholarships do not need to be repaid. Scholarships can be awarded by colleges and universities, private organizations, corporations, and government agencies.