Scholarship

Definition

A grant or payment made to support a student's education, awarded on the basis of academic or other achievement.

Try it now

Financial Aid Impact

Unlike loans, scholarships do not need to be repaid.

Related Tools & Calculators

Continue your journey with these related tools

Financial Aid Impact

Calculate net college price after grants, scholarships, and savings.

Related Education Terms

Expand your understanding with related concepts

Credit Hour

A unit that gives weight to the value, level, or time requirements of an academic course.

FAFSA

Free Application for Federal Student Aid.

GPA (Grade Point Average)

A number representing the average value of the accumulated final grades earned in courses over time.

Tenure

A category of academic appointment that ensures a professor can only be terminated for cause.

View all Education terms

This software is for simulation and planning purposes only. Outputs are estimates based on your inputs and do not constitute professional financial, legal, or tax advice. Always consult a qualified advisor before making business decisions.