A scholarship is usually a monetary award based on criteria given by the awarding party. It can be given on basis of academic
merit, athletic ability, financial needs or other criteria specific to the group giving the award. For example, there are many
scholarships available for only a specific minority including African Americans minority groups and women. Sometimes college
scholarships are given in a contest manner.
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FREE SCHOLARSHIPS FOR 2011

Are you seeking for a scholarship? Generally, scholarships are awarded for a variety of reasons that fall into certain categories. However, other scholarships are awarded on the bases of criteria that could not be easily categorized. These may be for reasons of the student's association with the objectives of the sponsoring organization. For example, some corporations give scholarships to their employees' children or based upon academic success.Some scholarships have a "bond" requirement. Recipients may be required to work for a particular employer for a specified period of time or to work in rural or remote areas; otherwise they may be required to repay the value of the support they received from the scholarship. This is particularly the case with teacher training scholarships and currently with health and medical education scholarships for people from or prepared to work in rural and remote areas in certain countries.

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