Grant vs. Scholarship

A scholarship is an award of financial aid for a student to further education. Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor or founder of the award.

Grants are funds disbursed by one party (Grant Makers), often a Government Department, Corporation, Foundation or Trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual.

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Grant

Scholarship

Definition 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. Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor or founder of the award.
Recipients Non-profit organizations, veterans, colleges & universities, businesses. Students
Types No specific categories merit based, need based, student specific and career specific

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Scholarships are awarded to students who are academically qualified for it and those who need financial assistance to complete their course in time.

Grants are usually awarded to:

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Grants are usually not categorized.

Scholarships can be merit based, need based, student specific and career specific. Merit based scholarships are based on a student's athletic, academic, artistic or other abilities, and often factor in an applicant's community service record and extracurricular activities. Need based scholarships are based on the student and family's financial record and require applicants to fill out a FAFSA (Free Application for Federal Student Aid ) to qualify if the scholarship is a federal award. Student specific scholarships are granted to applicants who must initially qualify by race, gender, religion, family and medical history, or many other student-specific factors. Career specific scholarships are awarded by a college or university to students planning to pursue a specific field of study.

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"Grant vs Scholarship." Diffen.com. Diffen LLC, n.d. Web. 23 Sep 2014. < http://www.diffen.com/difference/Grant_vs_Scholarship >

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