Financial Aid – Difference between grants and scholarships

What’s The Difference?

The main difference between a grant and a scholarship is that a scholarship has far more restrictions placed upon it than a grant. Both grants and scholarships are non-repayable, that is, unlike a loan you don’t have to pay them back when you are done your schooling, which basically means you’re getting free money. So if at all possible, try to get a grant or a scholarship. Scholarships are for specific academic or athletic categories, whereas grants are awarded primarily on financial need only.

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