/what is the difference in a scholarship and a grant?
DOES SCHOLARSHIP MONEY HAVE TO BE PAID BACK?
- Anonymous4 weeks ago
Scholarships are usually merit-based while grants are usually need-based. Both forms do not have to be paid back. Both forms rarely ever cover the full cost of tuition.Source(s): Grants are money the government throws at you irresponsibly but they know they'll recover all that and then some via very high, usurious interest-only student loan payments that prevent you from ever making a dent in things. They'll make up stories about something called the LIBOR index which is just something they pulled outta their behind and then manipulate this imaginary index to keep interest rates artificially high. Are u fuggin surious right now? I'm boutta make a dent in someone's fuggin face.
- 1 month ago
Both scholarships and grants are forms of gift aid, which is money for college that does not need to be earned or repaid.
Although people often use the terms scholarships and grants as synonyms or interchangeably, there are important differences.• Grants, like the Federal Pell Grant, are usually awarded based on the student’s demonstrated financial need. The federal government, state governments, colleges, and universities usually award such need-based grants.• Scholarships are usually awarded based on merit, such as academic, athletic or artistic talent. Some scholarships may involve a need-based component, such as the Gates Millennium Scholars program, but the predominant selection criteria are merit-based. Private foundations, community foundations, philanthropists, unions, non-profit organizations and for-profit corporations usually award private scholarships.
- MSLv 72 months ago
Scholarships are usually based on performance or criteria. You might get scholarships for your grades, for your volunteer work, for your athletics, because of where you come from, because you have talent in your major field of study (common in the arts), etc. They do not have to be paid back unless there is some clause for that in the terms of the scholarship. My state offers a scholarship to education majors, but they have to remain in the state to teach for 5 years after graduation; if they leave before that, then they have to pay it back, but otherwise they do not.
Grants are usually awarded based more on need. They also do not need to be paid back.
- 2 months ago
The only time a scholarship would need to be paid back is when there is a failure to meet the terms and the student was at fault. So if, for example, a student was admitted on a sailing scholarship and then refused to sail on the team, any scholarship money already advanced to him would need to be repaid. This would be very unusual
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- GypsyfishLv 72 months ago
Scholarships often have very specific designations- for example, there are scholarships specifically for women who study engineering. Often the funds were donated by someone who specified where the money should got. A grant is just money given to students who have financial need. Neither one has to be paid back. Only loans have to be paid back.
- Mr. SmartypantsLv 72 months ago
'Scholarship' is one category of grant. If it has to be paid back, it's not a scholarship OR a grant, it's a loan.
- Anonymous2 months ago
A grant is a loan a scholarship is already paid for and you don't pay it back
- 2 months ago
I am the one asking questionsSource(s): email