Grants vs. Scholarships

Money for College Every year, students across the country ask a similar question: What’s the difference between grants and scholarships? But first, realize that you want both, because grants and scholarships are free money that you do not have repay. The difference lies in who gives you the free money for your education.

A grant is one type of financial aid, usually disbursed by the government. For example, the federal government gives the Pell Grant to low-income undergraduate students to help pay for their tuition. The government also provides free money through the Federal Supplemental Educational Opportunity Grant. In order to determine eligibility for these grants, you must fill out the Free Application for Federal Student Aid (FAFSA).

Scholarships are another form of financial aid issued by corporations, non-profit organizations, and individuals.  Scholarships may ask you to write an essay on a creative topic or create a prom dress out of duct tapeGoogle, the popular search engine, just announced a $15,000 scholarship to be awarded to a student artist.

You also may receive a scholarship based on:

Athletic ability
Scholastic ability
Race
Religious affiliation
Parents’ membership affiliations

Remember, grants and scholarships are free money that will help you fund your college goals. You have what it takes to win. Apply today!

Once you are finished with your grant or scholarship application, leave us a comment. We want to hear from you!

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