Grants and scholarships are gift aid, which means that they do not need to be repaid or earned. While most grants are need-based and most scholarships merit-based, the distinction is not steadfast.
- Grant Aid
Gift aid for which recipients must demonstrate financial need and meet other eligibility criteria.
- Scholarships
Gift awards for which recipients are selected on the basis of academic performance,
talent, or other criteria.
- Tax Credits and Related Issues
Information on federal tax credits and liabilities related to financial aid.
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