A scholarship comes in many shapes and forms, but it boils down to a sum of money you do not need to pay back – a form of sponsorship for your education. Typically, a scholarship covers tuition fees in whole or in part, and may grant food and accommodation services or a small stipend. The beneficiary could be required to write a specific thesis or take part in a particular project. It may also come with a contract, like doing a job assignment for your university or working for a specific organization after graduation.
There are scholarships for students coming from specific countries, studying in a specific field or for those who can show the ability to become an ambassador for their target institution.