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Answer:

A bursary award, or simply a bursary, is a sum of money given to students based on financial need and/or academic performance. A bursary award is provided to the student by the educational institution and is similar to scholarships awarded by American universities.

Explanation:

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Answer:

Scholarships are financial awards granted to students on the basis of the student's academic or sporting excellence. Example: Football scholarship.

Bursaries are financial awards that are granted to students on the basis of their financial neediness. It is something like Financial Aid in a sense.

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