usually cover a specific period and may be given as a lump sum or on a declared schedule. Most bursaries are reviewed annually to ensure that the justification for an award remains. Changes in circumstances or study conditions such as a change of course during the academic year may result in the bursary being varied or stopped altogether. General Bursaries are similar to but distinct from "scholarships" or "prizes", which are based on performance or sponsorship. Scholarships and prizes are generally awarded for good performance in the study preceding course entrance in which the student achieves grades above the standard entry. These funders are usually education authorities, universities, companies and private trusts. References Student financial aid Award items Academic terminology Scholarships in the United Kingdom Academic awards