Stipendium (Scholarship)

A stipendium, or scholarship, is a financial award given to students to support their education. It doesn’t need to be repaid and is often based on academic achievement, talents, or financial need. Scholarships can cover tuition, books, living expenses, or other educational costs. They are awarded by universities, government programs, private organizations, or foundations to help talented or deserving students pursue their studies without the burden of full financial responsibility, enabling them to focus on their academic and personal growth.