A scholarship is an amount of money that a student receives to reduce or even completely eliminate study costs. Scholarships are awarded to students who have achieved good school and/or sports results: thus, it is a financial reward that helps with tuition costs.
In America, unlike in the Netherlands, scholarships are very common. Universities in America have a “jar of money” that they distribute in the form of scholarships to the best students. Bringing in the best students allows universities to compete with each other: on both an academic and athletic level, every university wants to be the best!
There are two different types of scholarships that are most common: academic scholarships and athletic scholarships. Athletic scholarships are issued by the athletic coaches, while the amount of academic scholarships are determined by the university.
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