Which statement best explains a scholarship?

A scholarship is federal money awarded to a student.

A scholarship is aid given to a student by an institution.

A scholarship is money borrowed to pay for an education.

A scholarship is the price of attending classes at a school.

The statement which best explains a scholarship is that a scholarship is aid given to a student by an institution. Those institutions can be many, including a school or a university, etc.

I believe the answer is:B. a scholarship is aid given to a student by an institution

Option A is wrong because it is the definition of Grant, not scholarship.

Option C is wrong because it describe the students loan.

Option D is wrong because even though attendance indeed may be used as a criteria to obtain scholarship, it is not the most determinant factor because the students still need to show some sort of talents or behaviour