What is the Difference Between Grants and Scholarships?. Both grants and scholarships are non-repayable kinds of financial assistance, although they vary in some ways.
Scholarships are often given out based on merit or other standards, such as academic excellence, athletic prowess, or creative aptitude. Many organisations, including schools and universities, commercial businesses, and governmental bodies, provide scholarships. Scholarship applications may need to include essays, transcripts, letters of reference, or other documentation since they are often competitive.
Contrarily, grants are often given out based on financial necessity. Although grants may originate from many of the same sources as scholarships, they are often intended for certain student populations, such as low-income students, students from underrepresented groups, or students pursuing a particular area of study. Students who are experiencing unique difficulties, such as those with impairments or those who are the first in their family to attend college, may also be given grants.
Difference Between Grants And Scholarships
| Grants | Scholarships |
| most often given to those in need | often given based on merit or another criterion, such as academic accomplishment or athletic prowess. |
| may originate from a number of places, including universities, groups, and governmental entities. | may originate from a number of places, including universities, groups, and governmental entities |
| Often directed towards certain student populations, such as low-income or disabled students, | Applications are often very competitive, and some may require the submission of essays, transcripts, letters of reference, or other documents. |
| The most often provided to those in need, such as the first member of the family to enroll in college, may also be given depending on special circumstances. | Perhaps geared towards certain student populations, such as those studying particular areas of study |
| Do not need to be repaid | Do not need to be repaid |
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