A scholarship is aid given to a student by an institution and does not have to be repaid.
A scholarship is aid given to a student by an institution. Unlike loans, scholarships do not have to be repaid and can come from various sources such as schools, foundations, or corporations. Scholarships can be awarded based on academic achievement, extracurricular activities, ethnicity, gender, or other criteria.
https://brainly.com/question/9958317