<p>Columbia_Student, there is also a “University Scholarship” that is based on merit. I am quite sure about this because I received BOTH a University Grant AND a University Scholarship. (Both on top of my Presidential Scholarship.) The University Scholarship was *in addition *to the Presidential Scholarship and, like most merit scholarships, has a gpa requirement to be renewed. It also will be renewed REGARDLESS of need. (I received an award letter that clearly stated that.) The University Grant only requires continuing financial need.</p>