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scholarship vs grant - what's the diff?

idic5idic5 Posts: 693Registered User Member
edited January 2011 in Financial Aid & Scholarships
I am unclear on what the difference is between a scholarship and a grant. Anyone can clarify?
Post edited by idic5 on

Replies to: scholarship vs grant - what's the diff?

  • HammanHamman Posts: 355Registered User Member
    I would say that there is no difference. I generally associate a grant with being need-based but then there are also school scholarships given to needy students. They are both free money and you don't have to pay them back
  • balancedheliumbalancedhelium Posts: 62Registered User Junior Member
    If you just look at the dictionary definitions of the word, the two are basically interchangeable.

    1. any monetary aid

    2. a sum of money or other aid granted to a student, because of merit, need, etc., to pursue his or her studies.
    4. a foundation to provide financial assistance to students.

    However, there is a different connotation to the word. Scholarship usually implies something based on merit or something that is earned or won. Grant implies something based on need.

    Furthermore, to complicate things further, a research project can receive a grant which might be based on both merit and need.

    But both are a source of money that does not need to be repaid.

    In other words, pure awesome sauce. :D
  • idic5idic5 Posts: 693Registered User Member
    I am gathering from more looking that, at least some of the schools, a grant is based on need as the poster above said, and as such can fluctuate based on financial neediness each yr. A scholarship, on the other hand, can be relied upon each yr.
  • SkyGirlSkyGirl Posts: 936Registered User Member
    Scholarship is better especially if they have the words "merit"/ "academic" in front! Yes idic5, scholarships can be relied upon provided you maintain a certain GPA and the required credit hours. Can't slack in college if your riding on merit scholarships.
  • sarairene1995sarairene1995 Posts: 1Registered User New Member
    i am interested in becoming a veterinarian does anyone know what would be the best for me to major in?
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