What is the difference between fund and scholarship?
Regarding this, what is the difference between a scholarship and an award?
USC awards prizes for academic achievement in a course or program. Scholarships are awarded to eligible students through an application process. For more information, visit Prizes and awards and Scholarships.
Likewise, what is a scholarship fund? A scholarship is a grant-in-aid to a student by a college or foundation [source: Merriam-Webster]. People set up scholarship funds for any number of reasons. The main aim of giving scholarships and grants is to help individuals who need money to study further.
Also question is, is Grant and Scholarship the same?
The terms “scholarship” and “grant” are often used interchangeably, but there are usually differences between these two forms of aid. Most scholarships are merit based. Most grants are need based. This means that they are usually awarded based on your or your family's financial situation.
Can I use my scholarship money on anything?
In addition to using scholarship money to cover tuition as well as room and board, some scholarship providers allow you to use your winnings to cover any and all education-related expenses. Education-related expenses are items like textbooks, computers, transportation to and from school and student fees.