The scholarship is financial support awarded to students,based on academic achievement or other criteria that may include financial need,for the purpose of schooling.There are various types of scholarships-the two most common being merit-based and need-based.The donor or department funding the scholarship sets the criteria for recipient selection,and the grantor specifically defines how the money is to be applied.The funds are used to defray the costs of tution,books,room,board and other expenses directly tied to a student's educational cost through the University.

The scholarship is financial support awarded to students,based on academic achievement or other criteria that may include financial need,for the purpose of schooling.There are various types of scholarships-the two most common being merit-based and need-based.The donor or department funding the scholarship sets the criteria for recipient selection,and the grantor specifically defines how the money is to be applied.The funds are used to defray the costs of tution,books,room,board and other expenses directly tied to a student's educational cost through the University.