A scholarship is an award of financial aid for a student to further their
education. Scholarships are awarded based upon various criteria, which usually
While the terms are frequently used interchangeably, there is a difference.
Scholarships may have a financial need component but rely on other criteria as
1.Academic Scholarships typically use a minimum Grade Point Average or
standardized test score such as the ACT or SAT to select awardees.
2.Athletic Scholarships are generally based on athletic performance of a student
and used as a tool to recruit high-performing athletes for their school's
3.Merit Scholarships can be based on a number of criteria, including performance in a particular school
subject or even club participation or community service.