Question

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

(1 point)
Responses

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

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

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.
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Answer 1

[AI-generated answer — Bot GPT 3.5]

A scholarship is awarded based on merit, such as academic or athletic achievement, while a grant is awarded based on financial need. Additionally, a scholarship typically does not have to be repaid, while a grant may or may not require repayment depending on the specific terms and conditions.