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Really Dumb Question
Posted: Fri Jan 28, 2011 3:57 pm
by TeddyMuir
What is the difference between a scholarship and a grant?
Re: Really Dumb Question
Posted: Fri Jan 28, 2011 4:31 pm
by sarahh
TeddyMuir wrote:What is the difference between a scholarship and a grant?
You may find this helpful:
http://www.educationgrant.com/2009/07/0 ... nd-grants/
Scholarships are often awarded based on merit whereas grants are commonly awarded based on need.
Re: Really Dumb Question
Posted: Fri Jan 28, 2011 6:48 pm
by rinkrat19
Some schools use the words interchangeably.
Re: Really Dumb Question
Posted: Fri Jan 28, 2011 7:44 pm
by androstan
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.