What is the difference between grants and scholarships?
Updated October 18, 2022
Grants are funded by the government and scholarships are privately funded by individuals or groups such as organizations, companies, and foundations. Both are “free money” and do not usually require repayment like loans. You apply for grants by completing the FAFSA. Grants have established rules and regulations that can be explained to you by the financial aid office. The rules and eligibility criteria for scholarships are determined by the organization paying for it. You would have to contact the sponsoring organization directly with questions about applications, eligibility, enrollment, etc.