What is the difference between scholarship and financial aid

FinancialAid ucdenver. Skip to content. Student Finances Financial Aid. Toggle navigation. University Quick Links. Grants provide opportunities and funding for students from low-income families or communities to pursue higher education.

Grants are often not enough to pay for all college expenses. The application process for grants is simpler and more straightforward vs scholarships. There are often more restrictions with the funds coming from grants. Scholarships for High School and College Students Scholarships are another great free source of money for college that are offered by many companies, schools, non-profits, and other organizations.

There are many more scholarships available vs grants. Scholarships provide access to education to a larger number of students. The large amount of options also makes competition high for most scholarships. Scholarships look great on your resume when applying for jobs.

There are often more conditions and requirements for maintaining the scholarship funds. Student Loans by Type After finding out what free aid you qualify for, student loans are the next step.

The following breaks down the pros and cons of student loans for financial aid: Pros of Student Loans Cons of Student Loans Student loans are easier to get compared to grants and scholarships. Unlike grants and scholarships, student loans need to be repaid.

Student loans often provide a larger amount of money compared to other financial aid options. Financial aid is a different matter. Some of the money is free for students to use to pay for college, while student loans, which are oftentimes lumped in with the financial aid package that colleges distribute, must be paid back after graduation. Still have more questions about scholarships and financial aid? Below, we dissect even more differences between the two as well as prepare you for the next steps toward paying for college with scholarships and financial aid.

It is in compliance with the company's corporate social responsibility like: Funding of science, the provision of financing for scientific research projects. Helps provide access to quality education to poor but deserving students through a continuing scholarship program.

Prepares and implements annual work plans for testing and screening of student-applicants for the scholarship grants and financial assistance. Develops, in coordination with the donors, the criteria and procedures for the selection of scholars and grantees for the various grants and scholarship slots; Coordinates with the Office of Admissions and the Guidance and Counseling Services Center in the screening and selection of scholars and student-grantees in the various academic programs and courses; Publish information on various scholarship grants and financial assistance available for the students; Coordinates with the accounting office in providing control mechanism over the inflow and outflow of financial assistance for students; Keeps an up-to-date list of scholars and grantees and regularly checks on their academic performance to ensure that assistance is given to appropriate recipients.

Ensure the accessibility of scholarships and financial aid through constant availability and wide dissemination of information of qualification requirements and procedures. Develops and maintains partnerships with generous donors, benefactors and scholarship foundations outside the university. Design, implement and evaluate appropriate guidelines, screening and monitoring procedures understood by applicants, recipients and other stakeholders.