Final answer:
A scholarship is aid given to a student by an institution. It is a form of financial assistance that does not have to be repaid. Scholarships can be awarded based on various criteria such as academic achievement, athletic ability, or financial need.
Step-by-step explanation:
A scholarship is aaidn given to a student by an institution. It is a form of financial assistance that helps students pay for their education. Scholarships can be awarded based on various criteria such as academic achievement, athletic ability, or financial need. Unlike loans, scholarships do not have to be repaid, making them a valuable resource for students seeking to fund their education.