- Note: The term "scholarship" can mean either the methods employed by scholars (see scholarly method) or an award of access to an institution and/or money for an individual for the purposes of furthering their education. This article is about the latter meaning.
A scholarship is an award of access to an institution and/or a financial aid award for an individual for the purposes of furthering their education. A scholarship is generally awarded based on any number of arbitrary criteria, including:
- financial need
- academic achievement
- athletic achievement
- public service
- nationality or ethnicity
Scholarships are generally funded by education institutions and/or non-profit foundations. In the United States of America, scholarship foundations are classified as 501(c)(3) organizations to which donations made are tax-deductible.
Scholarship awards can range from just a few dollars to full tuition. Locating scholarships can be arduous work. However, in recent years, locating scholarships has become easier due to the Internet.
Famous scholarships
Other scholarships
See also
External links