A scholarship is a financial award given to students to help pay for their education. Scholarships can be based on various criteria, including academic achievement, financial need, or specific talents. They do not need to be repaid, making them a valuable resource for students pursuing higher education. Many organizations, including schools, businesses, and non-profits, offer scholarships to support students. Some well-known scholarship programs include the Pell Grant, National Merit Scholarship, and Fulbright Program. Applying for scholarships often involves submitting an application, essays, and sometimes letters of recommendation.