A scholarship is a form of financial aid that is awarded to a student based on academic merit, financial need, or a combination of both. Scholarships are typically awarded to help students pay for their education, and can be used to cover expenses such as tuition, fees, books, and living expenses. Scholarships are often awarded by educational institutions, private organizations, or government agencies. They may be renewable or one-time awards, and may have specific requirements, such as maintaining a certain grade point average or participating in certain extracurricular activities. Scholarships can be awarded to students of all ages and levels of education, from high school to graduate school. Some scholarships are merit-based and awarded based on academic achievements, while others are need-based and awarded based on financial need. They can be awarded to students from specific groups, such as women or minorities. Some scholarships are also awarded to students pursuing specific fields of study or career paths.