Explain how grants are different from scholarships?

Question: Explain how grants are different from scholarships?

Grants and scholarships are both types of financial aid, but they have key differences:

Grants: Usually need-based, provided based on financial need. Often given by the government, schools, or private organizations. No repayment required.

Scholarships: Typically merit-based, awarded for academic, athletic, or artistic achievements. Can also be based on unique criteria like community service. Like grants, they don't need to be repaid.

In short, grants focus on need, while scholarships reward excellence or specific qualities. Either way, they both help ease the burden of educational costs.

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