A scholarship is a form of financial aid that is awarded to a student to help pay for their education. Scholarships are typically awarded based on academic merit, financial need, or a combination of both. Some scholarships are awarded by the government, while others are offered by private organizations, such as corporations, foundations, or non-profits. Scholarships may be used to cover the cost of tuition, books, and other education-related expenses. Some scholarships may also include a stipend to help cover living expenses. Scholarships can vary in size and may be awarded for a specific period of time, such as one year, or for the duration of a student's education.