Really Dumb Question Forum
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Really Dumb Question
What is the difference between a scholarship and a grant?
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Re: Really Dumb Question
You may find this helpful:TeddyMuir wrote:What is the difference between a scholarship and a grant?
http://www.educationgrant.com/2009/07/0 ... nd-grants/
Scholarships are often awarded based on merit whereas grants are commonly awarded based on need.
- rinkrat19
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Re: Really Dumb Question
Some schools use the words interchangeably.
- androstan
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- Joined: Mon Jul 19, 2010 8:07 am
Re: Really Dumb Question
One distinction that is sometimes overlooked is the difference between "need-based aid" and "need-based grant".
Need-based aid could be federally subsidized loans. It "aids" you because it's easy to get and will pay your way through, but eventually you have to pay it back. A grant is essentially free money.
Need-based aid could be federally subsidized loans. It "aids" you because it's easy to get and will pay your way through, but eventually you have to pay it back. A grant is essentially free money.
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