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Question 8 of 20

What is a difference between a scholarship and a grant?

A. A scholarship is merit-based, while a grant is based on financial need.
B. A scholarship does not need to be paid back.
C. A scholarship must be repaid.
D. A scholarship only covers education expenses.



Answer :

GinnyAnswer

Final answer:

Grants and scholarships are forms of financial aid, with scholarships being merit-based and grants being need-based.


Explanation:

Grants and scholarships are both forms of financial aid that do not need to be repaid. However, a key difference between the two is that scholarships are typically merit-based, while grants are often need-based. Scholarships can be awarded based on academic achievement, extracurricular activities, or other criteria, while grants are typically awarded based on financial need.


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