Scholarships come in various forms, aiding students in pursuing their educational dreams. The two most common types, merit-based and need-based scholarships, each cater to different aspects of a student's life. While merit-based scholarships reward academic or extracurricular excellence, need-based scholarships focus on easing the financial burden on students from low-income backgrounds. Understanding these distinctions is essential for students to identify opportunities that align with their qualifications and circumstances.