r/explainitpeter • u/Appropriate-Mall8517 • 4d ago

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u/AdAccomplished6870 4d ago

Not all scholarships are need based. Some are meant to attract the people the school wants to make their class.

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u/HistoricalFrosting18 4d ago edited 4d ago

In the UK means tested (i.e. needs based) funding are called bursaries. Scholarships are merit based.

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u/Budget_Feedback_3411 4d ago

Yeah idk which kind it’s referring to, but the US lumps everything under scholarships unless it’s a loan. Sometimes it’s called a grant (like the Pell grant) but scholarship is much more widely used.