Question 4 • Personal Finance - EL3403
Scholarships may be awarded based on financial need, so A is true. Some scholarships also require recipients to study a particular subject or enter a specific field, making B true. Scholarship funds are generally gifts that do not have to be repaid, so D is true; unlike loans, they are not normally paid back after graduation. Scholarships can have many different criteria, so they are not all based solely on academic achievement.
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