Grants Scholarships Sponsored by First City Monument Bank (FCMB) , 2025 - 2026

What is Grant's scholarship?

A grant scholarship is like a misnomer. Grants and scholarships are different forms of financial assistance. Even though the word is sometimes used to refer to a mix of both. A grant is normally a financial assistance given by a government body, university, or foundation, most of the time for a specific objective. Grants do not require any form of repayment. A scholarship is typically awarded based on merit and accomplishments in academics, athletics, or the arts. It is basically to cover the tuition or living expenses of the successful students.

Key features of Grants

Criteria: Grants are mainly focused on financial need and may also be introduced to cover specific purposes. e.g., research or studying abroad.

Source: The Government most of the time introduces grants for non-profit organizations or educational institutions.

Repayment: No repayment is required.

Application: Often less complex than scholarship applications and usually relies on financial details, such as those included in the FAFSA for U.S. students.

Key features of Scholarships

Criteria: It is mostly based on merit in academics, sports, artistic endeavors, or community service.

Source: Scholarship is mostly provided by colleges, universities, corporations, and various organizations.

Repayment: It does not require any repayment most of the time.

Application: Most of the time, it requires an application, academic transcripts, or fulfillment of specific requirements.

How to apply for Grants

To qualify for any form of financial assistance, one can explore opportunities online through databases and university websites and listing sites like Scholarshiplit .

It is important to note that a student can be granted both need-based aid (grants) and merit-based aid (scholarships) on merit.