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). Read the rest of this entry »
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