A bursary is a financial award given to students to help cover their educational expenses, such as tuition fees, books, and living costs. Unlike loans, bursaries do not need to be repaid, making them a valuable resource for those in need of financial assistance. They are often awarded based on financial need, academic merit, or specific criteria set by the funding organization. Many institutions, including universities and colleges, offer bursaries to support students from various backgrounds. Organizations, charities, and government bodies may also provide bursaries to promote education and help students achieve their goals without the burden of debt.