Tag Archives: What is internal grant and external scholarship?

A Comprehensive Guide: Differentiating Grants and Scholarships in the Context of Education Funding

Grants and scholarships are both forms of financial aid that do not require repayment, but they differ in several key aspects. Firstly, grants are typically need-based, meaning they are awarded based on a student’s financial need as determined by factors such as family income, assets, and other financial resources. In contrast, scholarships can be either need-based or merit-based, with some …

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