Worldwide College Scholarships | Research Study
1. Overview of Scholarships
Definition and Purpose: A scholarship is a form of financial aid awarded to support a student’s education, typically based on certain criteria such as academic merit, financial need, or talent. Unlike loans, scholarships do not require repayment; they aim to ensure that financial constraints do not hinder capable students from pursuing higher education. In essence, scholarships “provide free money to undergraduate and graduate students” to offset tuition and related costs. The overarching purpose is to broaden access to education, reward achievement, and foster the development of skills in various fields. read more

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