Definition
Free money awarded to students based on merit, need, or some combination thereof, making higher education slightly less financially devastating. Unlike loans that haunt you for decades, scholarships are the unicorns of financial aidβactual money you don't have to pay back, assuming you maintain certain grades or don't violate the terms. The term also refers to serious academic work and research, because nothing says 'scholarly achievement' like writing a 300-page dissertation on medieval pottery.
Example Usage
She received a full scholarship to study engineering, which meant her parents could finally stop having nightmares about student loan debt.
Source: Common educational terminology
Related Terms
Translate This Term
See “scholarship” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
Try the Translator