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A scholarship is a form of financial aid awarded to students for further education. Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
A scholarship is defined as a grant or payment made to support a student's education, awarded on the basis of academic or other distinction. [1] " Scholarship" has a different meaning in the United States than it does in other countries, with the partial exception of Canada.
In the college financial aid process in the United States, a student's "need" is a figure that colleges use when calculating how much financial aid to offer a student. It is determined by taking the college's Cost of Attendance , which current rules require each college to specify.
Scholarships are the best way to pay for a college degree since they don’t need to be repaid, unlike federal or private student loans. When it comes to maximizing your scholarship earnings as a ...
The National Merit Scholarship Program is a United States academic scholarship competition for recognition and university scholarships. The program is managed by the National Merit Scholarship Corporation (NMSC), a privately funded not-for-profit organization based in Evanston, Illinois . [ 1 ]
Candidates are notified of eligibility, and if interested in being considered for the scholarship, must submit an essay, self-assessments, high school reports, and transcripts. They are evaluated on their academic achievement, personal characteristics, leadership and service activities, and an analysis of their essay. 500 students are chosen as ...
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