Scholarships are 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 is the difference between grants and scholarships?
Grants and scholarships share a common trait – both are "gift aid." This is money that doesn't need to be repaid.
Students, be advised to thoroughly check the requirements and dates for the scholarships you apply for.