A scholarship is a type of financial aid that does not have to be repaid and is often awarded by educational institutions. The correct answer to the student's question is that a scholarship is aid given to a student by an institution. This statement accurately reflects the nature of scholarships compared to other financial options for education.
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A scholarship is financial aid awarded to students that does not need to be repaid. It can come from various sources, including institutions and organizations. The best explanation of a scholarship is that it is aid given to a student by an institution. ;