Scholarship refers to a modality of financial assistance given to eligible students on the basis of merit and/or talent, such as laudable academic performance, and special technical proficiencies and skills and intellectual pursuits of a scholar that give rise to research and development, and innovations as well as other creative works. (Sec. 4(m), R.A. No. 10687, Unified Student Financial Assistance System for Tertiary Education (UniFAST) Act)