Just like loans, the grants are also provided by the government as well as from the private institutes. Both the grants and scholarships are provided to the students so that they can complete their higher education easily without any kind of financial problem. A grant is usually offered to such students who are unable to start their higher education or the students who belong to poor or low income families. Usually grants are of different kinds like, grants for special needs, grants on the basis of merits, special grants for women, grants for minorities and grants for disabled students.
As there are a number of students who want to get financial aids, therefore, there is a huge competition among students. All the needy people should apply to almost all the grants so that there will be huge chances for you to get the grants. Scholarships are also like grants that people do not need to give back after interest. The difference between grants and scholarships lies in the application process of scholarships.
In scholarship application, grade points of the students and his previous educational history matters a lot. Other than the grade points, a special interest of the students, skills that a student have, test scores of the student like ACT or SAT test. Moreover, the deadlines as well as the requirements of the scholarships also matter a lot. The applicant should not miss anything while sending an application like, letter of recommendations, CV, any appraisal certificate or anything else that can enhance your chances to win the scholarship.
The scholarship application process is a lengthy one and the student or the applicant should keep pace while sending the application. One of the major differences between grants and scholarship is that, grants provide the financial aid of specific amount where as scholarship supports the full degree of the applicant for which the applicant have applied.