While the phrases scholarship and grant are steadily used interchangeably, there’s a distinction. Scholarships could have a monetary want part however depend on different standards as nicely.
Academic scholarships usually use a minimal grade-point common or standardized take a look at rating such because the ACT or SAT to pick out awardees.
Athletic scholarships are usually primarily based on the athletic efficiency of a pupil and used as a instrument to recruit high-performing athletes for his or her faculty’s athletic groups.
Merit scholarships could be primarily based on a variety of standards, together with efficiency in a selected faculty topic or membership participation or group service.
Grants, nevertheless, are supplied primarily based completely on monetary want and decided utilizing the applicant’s FAFSA info.
A federal pell grant could be awarded to somebody planning to obtain their undergraduate diploma and is solely primarily based on their monetary wants.
