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What is the difference between a grant and a scholarship?

#scholarships #grants #financial-planning

scholarships financial-planning grants
Thank you comment icon Hello! Grants are usually disbursed based on a need and scholarships are disbursed based on merits. Shamecca Nelson
Thank you comment icon This is actually a really good question. Both of these are on sometimes used interchangeably but there are a couple of slight differences in these two types of aid. In terms of scholarships those are usually merit based in so what that means is that they are given to students that have certain qualities or criteria such as academic or athletic abilities and also most times scholarships have criteria that you have to meet and that includes things like maintaining a GPA in order to continue to receive the scholarship. With grants they’re usually awarded to students based on a family’s financial situation. They’re both free and you don’t have to pay either one back. Loriel Johnson MHEd
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Tasha’s Answer

Grants and scholarships are kinds of financial aid that you don't have to pay back. ... Most grants are awarded based on financial need. But a good portion of gift aid is awarded for academic achievement.
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Gizem’s Answer

Hello,

Grants and scholarships/fellowships have a slightly different meaning in academia. In the context of academic research, both are merit based and as long as the requirements are fulfilled, neither of them have to paid back.
Grant is the term to describe the money given to carry out a research project. The amount will vary depending on the type of the grant, project etc. Grants may or may not include salary support.
Scholarship/fellowship is given to a undergraduate or graduate student, postdoctoral researcher etc. to cover their full or partial tuition/salary.
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Racheal’s Answer

A scholarship and grant both share similarities, in that you can receive them in an formal or informal manner, use that as you please (,i.e., professional stipulations such as education only), however many grants do not come with stipulations and you always not have to meet any standards to keep them. Some scholarships you have to meet requirements keep them such as a GPA of 3.5. Many scholarship you have to do essays and interviews, with grants you do not, you just have to apply.

Also, most grants are to help with housing and items outside of tuition, although some grants will allow you to use it for tuition.

Review the cost of apply for both to determine the "catch."
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