Which characteristic primarily distinguishes a 'grant' from a 'scholarship' in the context of financial aid?

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B) Grants are typically need-based, while scholarships are often merit-based.. While both are 'gift aid' that doesn't need repayment, grants are predominantly awarded based on financial need, whereas scholarships are more commonly awarded based on academic merit, talent, or specific criteria.

Which characteristic primarily distinguishes a 'grant' from a 'scholarship' in the context of financial aid?

✓ Correct Answer: Option B

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