Scholarship Law and Legal Definition

The term scholarship is subject to different definitions. Scholarship may refer to the methods, discipline, and attainments of a scholar or scholars. It is also commonly used to refer to a grant of financial aid awarded to a student, as for the purpose of attending a college.

Scholarships are available through numerous organizations and institutions of learning. They may be funded by a certain person or organization or be a fund composed of various sources. Each entity responsible for granting scholarships does so subject to its own rules and regulations. Some scholarships ar contingent upon on certain condition, such as requiring the maintenance of a certain grade level or standard of performance in order to retain the scholarship.