What is a Scholarship?
A scholarship is an award of monetary support for a scholar to additional their training at a personal elementary or secondary school, or a personal or public post-secondary college, college, or different tutorial establishment. Scholarships are awarded primarily based upon numerous standards, equivalent to tutorial advantage, variety and inclusion, athletic talent, and monetary want, amongst others (or some mixture of those elements).
Scholarship criteria normally mirror the values and objectives of the donor or founding father of the award. While scholarship recipients will not be required to repay scholarships, the awards could require that the recipient proceed to satisfy sure necessities throughout their interval of help, equivalent to sustaining a minimal grade level common or participating in a sure exercise (e.g., enjoying on a college sports activities workforce for athletic scholarship holders, or serving as a instructing assistant for some graduate scholarships). Scholarships could present a financial award, an in-kind award (e.g., waiving of tuition charges or charges for housing in a dormitory), or a mixture.
Some prestigious, extremely competitive scholarships are well-known even exterior the tutorial neighborhood, such because the Fulbright Scholarship and the Rhodes Scholarship.