What is a scholarship?(1 point)

Responses

a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose
a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose

a thing that is borrowed, especially a sum of money that is expected to be paid back with interest
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest

a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for financial aid
a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for financial aid

an amount of money given to somebody by an organization to help pay for their education

1 answer

The correct response is:

an amount of money given to somebody by an organization to help pay for their education.

Scholarships are typically awarded based on various criteria, such as academic achievement, financial need, or specific talents. They do not need to be repaid, unlike loans.