What is a scholarship and grant?
Scholarships are awarded by a number of funding sources. These can include businesses, religious groups, individuals, community organizations, college departments or alumni. Grants are different in that they usually come from state or federal financial aid that is given to the college or university itself.
What is the difference between a Pell grant and a scholarship?
Such need-based grants are usually awarded by the federal government, state governments and colleges and universities. Scholarships are usually awarded based on merit, such as academic, athletic or artistic talent.
What is the difference between fund and scholarship?
Grants are funds disbursed by one party (Grant Maker), often a Government Department, Corporation, Foundation or Trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual. A scholarship is an award of financial aid for a student to further education.
What is the difference between scholarship and financial aid?
The main difference between federal financial aid and scholarships is, federal aid is awarded based on need whereas scholarships are awarded based on merit.