Scholarship

usgb/ˈskɑːlərʃɪp/Volume
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Financial AidPlay
Scholarship as money doesn't mean you repay it like a loan—it's a gift to support education. SlideHis scholarship covered tuition and books, so he didn't need a loan.
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Merit-basedPlay
Often, scholarships are awarded for academic or extracurricular achievements, not financial need. SlideHer exceptional grades earned her a merit-based scholarship.
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CompetitivePlay
Scholarships are usually competitive; many apply, but few are chosen. SlideHe beat hundreds of applicants to win the prestigious scholarship.