What is scholarship meaning?

A scholarship is a financial aid provided to students who have demonstrated exceptional academic or athletic achievements. The scholarship is awarded based on merit, need, or both. Merit-based scholarships are given to students with outstanding academic achievement, while need-based scholarships are given to students who come from low-income families. Scholarships can cover tuition fees, books, accommodation, and other additional expenses associated with education. They are often awarded by schools, universities, government agencies, private organizations, and individuals. Getting a scholarship is a great way of reducing the burden of paying for college education, enabling students to focus on their studies with lesser financial worries.