A scholarship is an award of financial aid for a student to further their education. Scholarships are awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award. Scholarship money is not required to be repaid.
1. Scholarships help to lessen the impact of rising tuition costs.
2. Scholarships help students have more time to focus on their studies.
3. Scholarships decrease the number and amount of loans students need to take to complete higher education.
