scholarship Definition

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scholarship

Definition

A type of financial aid, in the form of a grant that does not have to be repaid by the recipient. Scholarships are most often given to students for one of two reasons: achievement in academics or other areas, or financial need.

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scholarship is in the Lending & Credit subject.

Related terms

hard money

scholarship appears in the definitions of these other terms on BusinessDictionary.com

stipend, endowment, restricted funds

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