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.

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