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A scholarship is a monetary award bestowed upon an individual student for the purposes of beginning or continuing his/her studies. A grant, also financial in nature, can be awarded to individuals but also to organizations: grants are awarded in support of study as well as of activities (for instance, a research project). A fellowship is a scholarship which typically includes a financial award (for study) along with a living stipend and sometimes also an internship or other work-related position, such as a teaching assistantship.

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Scholarships will require students to meet certain requirements, both before and after they've obtained it. Most of these scholarships will require students to have a minimum GPA, and they may also require them to take a certain number of credit hours within the first 12 months of their schooling. While some scholarships are based on gender, others are based on the field the student is majoring in. The key difference between scholarships and grants is that scholarships tend to have more rigid requirements for selection, and they are specifically geared towards those who are entering college.

A grant, on the other hand, may be given to someone who is not necessarily going into college. They could be someone who is starting a business, or it could be someone who has suffered some type of tragedy. Scholarships are closely connected to education, but grants may not be. Also, once a person is awarded a grant, they will generally not be required to maintain certain requirements. After they passed the application process, the money is essentially theirs. However, the student must complete the proposal that is related to the project for the grant. It should be emphasized that there are a lot of similarities between grants and scholarships.

From: http://www.exforsys.com/career-center/scholarships/difference-between-scholarship-and-grant.html

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Q: What is the difference between scholarship grant and fellowship?
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