Scholarships are financial support awarded to students in aid of their course at the university. There are different categories of scholarships available for students in the universities. Some are one time check whereas others are renewable and provide support to student in each semester. Scholarships are different from loans and they do not have to be payback.
If a student is awarded a scholarship, he or she might receive the money directly to the bank account of the student. In other case, the scholarship money can be directly given to the university to pay or deduct the sum (scholarship amount) from student tuition fees.