As per Lawkidunya, the word scholarship is financial support awarded to a top level students, based on academic achievement or other criteria that may include financial need, for the purpose of schooling. There are various types of scholarships the two most common being merit-based and need-based.
What is the Best Type of Scholarship as Per Law
Full-Ride Scholarships: A full-ride scholarship is an all-expense ride to college, and it’s the most coveted among all the different types of scholarships. Most full-ride scholarships are specific to a school, but there are a few organizations that don’t restrict the use of funds to any specific school.