Which term is commonly awarded for achievements and does not require repayment?

Which term is commonly awarded for achievements and does not require repayment?

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

Answer: (B)

When money is awarded to help pay for education and doesn’t have to be paid back, a scholarship fits best when the emphasis is on achievement. Scholarships are given for merit, talent, or meeting specific criteria, and the funds aren’t loans, so they don’t require repayment as long as you meet the conditions (like keeping a certain GPA or staying in a particular program). Grants also don’t have to be repaid, but they’re typically based on need or a particular project or organization rather than achievement, so they’re not as closely tied to accomplishments. The other options aren’t awards: post-secondary education is the level of schooling, and a late fee is a penalty for overdue payments.

When money is awarded to help pay for education and doesn’t have to be paid back, a scholarship fits best when the emphasis is on achievement. Scholarships are given for merit, talent, or meeting specific criteria, and the funds aren’t loans, so they don’t require repayment as long as you meet the conditions (like keeping a certain GPA or staying in a particular program). Grants also don’t have to be repaid, but they’re typically based on need or a particular project or organization rather than achievement, so they’re not as closely tied to accomplishments. The other options aren’t awards: post-secondary education is the level of schooling, and a late fee is a penalty for overdue payments.