Key Definitions:

Scholarship: Financial Award traditionally donated to individuals based on grades, but now, they have expanded to sports achievements, music, arts, even essays, etc.

• Entrance Scholarship: Universities, colleges, etc, automatically distribute these scholarships. Usually to students who have over a certain GPA/Average. 

  • • • Example: 

• Application-based Scholarship: 

Bursary:  Given based on financial need

Grant:  Given for a specific purpose/task

https://www.studentworldonline.com/article/what-s-the-difference-between-scholarships-grants-/316/