Which form of financial aid is usually awarded for achievements and does not have to be repaid?

Which form of financial aid is usually awarded for achievements and does not have to be repaid?

• A. Grant
• B. Scholarship
• C. Post-secondary education
• D. Late Fee

Answer: (B)

Scholarships are money given for achievements, like good grades, talents, or leadership, and they usually don’t have to be repaid. That combination—rewarding accomplishments and not requiring repayment—fits this description perfectly. Grants also don’t have to be repaid, but they’re typically awarded based on financial need rather than achievements. The other options aren’t financial aid in the same way: one is money tied to the cost of education itself, and a late fee is a penalty, not aid.

Scholarships are money given for achievements, like good grades, talents, or leadership, and they usually don’t have to be repaid. That combination—rewarding accomplishments and not requiring repayment—fits this description perfectly. Grants also don’t have to be repaid, but they’re typically awarded based on financial need rather than achievements. The other options aren’t financial aid in the same way: one is money tied to the cost of education itself, and a late fee is a penalty, not aid.