
Scholarship
Financial Aid
Scholarship as money doesn't mean you repay it like a loan—it's a gift to support education.

His scholarship covered tuition and books, so he didn't need a loan.
Merit-based
Often, scholarships are awarded for academic or extracurricular achievements, not financial need.

Her exceptional grades earned her a merit-based scholarship.
Competitive
Scholarships are usually competitive; many apply, but few are chosen.

He beat hundreds of applicants to win the prestigious scholarship.
Compare with
AwardBursaryEndowFellowshipGrantStipendSubsidy
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