What Is a Scholarship?
A scholarship is “an amount of money given by a school, college, university, or other organization to pay for the studies of a person with great ability but little money.
Differences between Scholarships and Grants
Both scholarships and grants are types of gift aid, which means students do not need to pay the money back. But grants are usually need-based, and often go to young people who cannot afford the costs of their studies. In contrast, most scholarships are awarded based on academic, athletic, or artistic abilities.
Who can Apply for Schlarships?
Anyone who meets the application requirements can apply.