What is the difference between a scholarship and a grant?​​​​​​​

Question

(1 point)
Responses

A scholarship is awarded based on merit, and a grant is awarded based on financial need.
A scholarship is awarded based on merit, and a grant is awarded based on financial need.

A scholarship never has to be repaid, and a grant always does.
A scholarship never has to be repaid, and a grant always does.

A scholarship accrues interest payments, and a grant does not.
A scholarship accrues interest payments, and a grant does not.

A scholarship always has to be repaid, and a grant does not.

Answer 1

The correct response is:

A scholarship is awarded based on merit, and a grant is awarded based on financial need.