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A scholarship is a form of financial aid awarded to students for further education. Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
Scholarship criteria usually reflect the values and goals of the donor of the award, and while scholarship recipients are not required to repay scholarships, the awards may require that the recipient continue to meet certain requirements during their period of support, such as maintaining a minimum grade point average or engaging in a certain activity (e.g., playing on a school sports team for athletic scholarship holders).[1][2]
Scholarships also range in generosity; some cover partial tuition, while others offer a 'full-ride', covering all tuition, accommodation, housing and others.
Some prestigious, highly competitive scholarships are well-known even outside the academic community, such as Fulbright Scholarship and the Rhodes Scholarships at the graduate level, and the Robertson, Morehead-Cain and Jefferson Scholarships at the undergraduate level.
- ^ Peterson, Kay (4 September 2008). "Financial Aid Glossary". fastweb. Retrieved 28 May 2012.
- ^ "University Reform: Report of the Royal Commissioners On the State of the University and Colleges of Oxford". The Observer. 1952. ProQuest 474208063.