A scholarship is a form of financial aid awarded to students for further education. Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
A young man (in bowtie) receives a scholarship at a ceremony.
US Aid scholarship certificates
A Navy Rear Admiral presents a Midshipman with a ceremonial cheque symbolizing her $180,000 Navy Reserve Officers Training Candidate scholarship.
The Jefferson Scholarship is a merit scholarship that provides four years of fully funded study at the University of Virginia in the United States. Considered one of the world's most prestigious, the scholarship covers tuition and room and board, and also provides money for summer travel, independent research, and study abroad. Application to the scholarship is by invitation only. Around 30 "Scholars" are selected annually from some 6,000 schools who may each nominate one student. Scholars have included 23 Rhodes Scholars and Marshall Scholars, Olympians, Pulitzer Prize winners, and others.
The Rotunda at the University
Thomas Jefferson; benefactor of the University of Virginia