Category: Scholarship

A scholarship is a type of financial aid given to students to help them further their education. Scholarships are given out based on a variety of factors, including academic merit, diversity and inclusion, athletic ability, and financial need. Scholarship criteria typically reflect the values and goals of the award’s donor or founder.

While scholarship recipients are not required to repay their awards, they may be required to meet certain requirements during their period of support, such as maintaining a minimum grade point average or participating in a specific activity (e.g. playing on a school sports team for athletic scholarship holders, or serving as a teaching assistant for some graduate scholarships). Scholarships may provide a monetary award, an in-kind award (e.g., a waiver of tuition or fees for dormitory housing), or a combination of the two.

Some prestigious, highly competitive scholarships, such as the Fulbright Scholarship and the Rhodes Scholarship, are well-known even outside the academic community.