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Do you know the difference between scholarships and grants? Well, nevertheless, both of the programs are aimed on providing students with some financial aids, there is a great difference between them, at least nowadays.

The grant and the scholarship is the sum of money given to you based on some merits of yours. These merits may be either of the academical character or of the sport character. Both grants and scholarships are divided into federal and private ones. At this point, you are going to ask me where the difference between the grants and scholarships is. And I will inform you with great pleasure that the difference is as follows: the grant is the sum of money given for you in order to cover some part of the tuition fees, and the scholarship is a privilege which permits you to receive free of charge education.

Earlier, grants were almost as valuable as the scholarships, as the amount within them was able to cover almost the whole amount of the tuition fee. However, nowadays with the growth of the prices for the higher education, grants are nearly enough to cover the one third of the amount of the tuition fee.