A scholarship is an award of financial aid for a student to further his or her education. Scholarships are awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award. Scholarship money is not required to be repaid.
Some scholarships have a “bond” requirement. Recipients may be required to work for a particular employer for a specified period of time or to work in rural or remote areas; otherwise they may be required to repay the value of the support they received from the scholarship.
Most scholarships are based on merit or talent, withholding any designation regarding race or nationality. While Caucasians account for 62% of full-time college students in America, they receive 76% of all scholarship.
This page is about scholarship as a form of financial aid, fellowships for both home and abroad.