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A
scholarship is a financial award given to students to help them pursue their
education. Unlike loans, scholarships do not have to be repaid. They are
typically awarded based on various criteria such as academic achievement,
athletic ability, artistic talent, community involvement, or specific
characteristics like belonging to a particular ethnic group or pursuing a
certain field of study. Scholarships can come from a variety of sources
including colleges, universities, private organizations, corporations, and
government entities. They play a significant role in making education
accessible to students who might not otherwise be able to afford it.