An academic scholarship is an example of merit-based financial aid, as shown in option B.
We can arrive at this answer because:
- Academic Scholarships are provided as a reward to students who excel in an academic field.
- These students can stand out through good grades, high school performance, high efficiency in sports, elaboration of scientific projects, among others.
- As students are very dedicated and committed to an academic field, some educational institutions award them with academic scholarships to reward the dedication of these students.
In this case, students deserve a scholarship because of the academic qualities they have developed, this being a case of merit-based financial aid.
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