A scholarship is known for being a financial award and is granted to students who excel in academic studies, sporting excellence, leadership skills, and community involvement. . These awards help students, such as providing financial assistance for their educational needs. This financial assistance provides the help that students need to complete their education to help pay for classes.  Bursaries are necessary to help students have an easier time getting into school. Bursaries are supposed to help students by providing the funds to help students get into a school by being awarded based on their previous academic performance or financial needs.