Merit-based scholarships are financial awards given to students based on their academic, artistic, or athletic achievements. These scholarships aim to recognize and reward individuals who demonstrate exceptional skills or performance in specific areas, such as academics, sports, or the arts. They can help reduce the cost of education and make it more accessible for talented students. Unlike need-based scholarships, which consider a student's financial situation, merit-based scholarships focus solely on the individual's accomplishments. Many colleges, universities, and private organizations offer these scholarships, making them a popular option for students looking to fund their education while showcasing their talents and hard work.