26903
AssignmentMultiple Choice

Employment and Education

Question 26903 • * HSA 26-27 Economics

Which is the best description of how a scholarship differs from a federal education grant?

Answer
A
Federal grants are awards that don’t have to be repaid, but students must pay back any scholarships they receive.
B
Federal grants can be awarded for various reasons, but scholarships are always based on a student’s financial need.
C
Scholarships are awards that do not have to be repaid, but students must pay back any federal grants they receive.
D
Scholarships can be awarded for various reasons, but federal grants are usually based on a student’s financial need.

Explanation

Scholarships generally do not have to be repaid and may be awarded for many reasons, such as academic achievement, talent, or other qualifications. Federal education grants also generally do not have to be repaid, and they are often based on financial need. So the best description is that scholarships can be awarded for various reasons, while federal grants are usually need-based.

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