Academic prizes are awards given to students or researchers in recognition of their outstanding achievements in education or research. These prizes can be based on various criteria, such as academic excellence, innovation, or contributions to a specific field. They often come with monetary rewards, scholarships, or certificates, and can be awarded at different levels, including local, national, or international. Many academic prizes are sponsored by institutions, organizations, or individuals, aiming to encourage excellence and motivate students. Examples include the Nobel Prize for significant contributions to science and literature, and the Rhodes Scholarship, which supports exceptional students in pursuing higher education at the University of Oxford.