Question: What is the difference between a scholarship and a grant? Grants are awarded based on financial need, while scholarships can be awarded based on merit

What is the difference between a scholarship and a grant? Grants are awarded based on financial need, while scholarships can be awarded based on merit or financial need. Grants cover all educational and personal expenses, whereas scholarships only cover educational expenses. Scholarships are awards of financial assistance to students, whereas grants are special tax-advantaged savings accounts. Grants usually have to be repaid, but scholarships do not

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