What is a type of financial aid that provides money given by a school, organization, etc., to a student to help pay for the student's education and does not need to be repaid?

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Multiple Choice

What is a type of financial aid that provides money given by a school, organization, etc., to a student to help pay for the student's education and does not need to be repaid?

Explanation:
A scholarship is money awarded to a student that does not have to be repaid. It comes from schools, organizations, or donors and is typically based on achievement, talent, or financial need, and can cover tuition, fees, books, or living costs. This distinguishes it from a loan, which must be repaid with interest after graduation, and from work-study, which provides income earned through a job. Financial aid is the umbrella term for all these types, but the one that doesn’t require repayment is the scholarship.

A scholarship is money awarded to a student that does not have to be repaid. It comes from schools, organizations, or donors and is typically based on achievement, talent, or financial need, and can cover tuition, fees, books, or living costs. This distinguishes it from a loan, which must be repaid with interest after graduation, and from work-study, which provides income earned through a job. Financial aid is the umbrella term for all these types, but the one that doesn’t require repayment is the scholarship.

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