What is the difference between a scholarship and a grant?
(1 point)
A.A scholarship always has to be repaid, and a grant does not.
B.A scholarship is awarded based on merit, and a grant is awarded based on financial need.
C.A scholarship never has to be repaid, and a grant always does.
D.A scholarship accrues interest payments, and a grant does not.
1 answer
B. A scholarship is awarded based on merit, and a grant is awarded based on financial need.