What form of financial aid does not need to be repaid and is usually awarded on the basis of academic, athletic, or other achievements?

• A. Grant
• B. Scholarship
• C. Work Study
• D. Post-secondary education

Answer: (B)

Scholarships are financial aid that you don’t have to repay, and they’re usually awarded for achievements like good grades, athletic talent, artistic skill, or other standout abilities. Because they recognize specific accomplishments, the money goes toward tuition or other costs without meaning you owe it back, as long as you meet any ongoing requirements. This differs from grants, which are also nonrepayable but typically based on financial need rather than achievement. Work-study provides money earned through a part-time job to help pay education costs, so it’s earned rather than awarded for achievement. And post-secondary education refers to the level of schooling, not a form of financial aid.