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Scholarship
Term category: College Finance
In 10 words or less:  A monetary award applied toward the costs of an education

Definition: A monetary award, usually based on either academic merit or financial need (or both), that can be applied to educational expenses.

StockJargon Advice: Scholarships are great because they do not require the recipient to repay them.  However, some scholarships may be taxable, so consult a tax advisor.

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Related Books

Best 361 Colleges 2006 by Tom Meltzer
College Cost and Financial Aid Handbook 2006 by College Board
The Fiske Guide to Getting Into the Right College by Edward B. Fiske
The Real ACT Prep Guide By ACT Staff

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