Created On: 9/17/2019 6:30:00 PM
How are grants for college different from scholarships for students?
College grants for students, scholarships for students
Even as Grants and Scholarships are different, one commonality between the two is that both are non-repayable “gift money”. Except for this similarity, both are distinctly different, and students have different parameters to fulfill to be eligible for them. Since it has become common to use them interchangeably or as synonyms, there are some important differences. Let us take a bird-eye view of these two forms of college education funding.
On the other hand, scholarships are merit-based. It implies that this form of collegiate education funding is awarded to meritorious students; students who have strong capabilities in extra-curricular activities, or outstanding athletic abilities. The funds for scholarships for students are often contributed by religious groups, business houses, communities, high net worth individuals and advocacy groups. There are thousands of scholarships from various kinds of entities and are easily accessible to students. Affiliates of certain groups or high pedigree ancestry too are eligible for scholarships.
The scholarships are however awarded only to the undergraduate students. On completion of these courses, students who pursue graduate-level courses are provided with private financial aid termed as fellowships.