Scholarship
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Scholarship Definition
In philanthropic terms a scholarship is defined as a payment to a student to cover school fees, textbooks and other educational expenses such as travel and accommodation costs. Scholarships may be one-off or ongoing payments. Most scholarships are awarded on academic merit, and some also have conditions attached such as the university or school at which the student will study, the area of study, the economic circumstances of the recipient or the gender or race of the recipient.