What is the difference between a grant and a scholarship? Do you have to pay a grant back?
2006-10-10 00:53:35 · 6 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
A grant is a gift and does not have to be repaid... a Loan must be repaid...usually after you are no longer in college on at least a half time basis.
However, there are some grants that have some requirement atteched to it...such as community service. So, check to see if your grant has any strings.. 95+ have no strings and are a "gift".
Colleges usually award Stafford Loans...and they also have a small amount of Perkins Loan money to award the needy student who requires more money than the Stafford Loan, Scholarships, various grants, work study,, etc. that he can get. Under certain circumstances, this Perkins Loan can be partially or completely forgiven over a period of years. Check your college catalog for more info.
2006-10-10 03:31:03 · answer #1 · answered by Betty Harlan 1 · 1⤊ 2⤋
Difference Between Grant And Scholarship
2016-09-30 08:44:50 · answer #2 · answered by kroen 3 · 0⤊ 0⤋
This Site Might Help You.
RE:
What is the difference between a grant and a scholarship?
What is the difference between a grant and a scholarship? Do you have to pay a grant back?
2015-08-19 13:23:09 · answer #3 · answered by ? 1 · 0⤊ 0⤋
A scholarship is given based on merit. A grant is given based on need.
2006-10-10 01:01:36 · answer #4 · answered by nondescript 7 · 5⤊ 0⤋
grant= money given for need
scholarship= given by group for specific reason could be need or could be highest gpa or could be group ie: children of firefighters or could be activity ie: sports or band.
both = free money
but you can lose grants if your $ situation changes and you can lose scholarships if you do not keep meeting requirements.
(particiapte in sports or maintain grades or keep playing in college band...etc.....)
2006-10-10 05:12:26 · answer #5 · answered by samantha h 3 · 4⤊ 1⤋
You can get a grant of which you do not have to pay back,but a scolarship has partial payment to repay and has more structure as to what you are studing.
2006-10-10 01:02:47 · answer #6 · answered by delmy d 3 · 1⤊ 4⤋
you dont have to pay either one back.go to "www.schoolgrants.com and it will give you all the info you need
2006-10-10 01:09:33 · answer #7 · answered by solsbj 2 · 1⤊ 1⤋
no you dont pay back either one.
2006-10-10 00:56:15 · answer #8 · answered by betty boop 5 · 2⤊ 0⤋