What is the difference between scholarship, grant and fellowship?

<p>The differences between scholarship, fellowship and grant based on several parameters are given below.&nbsp;</p><table border="1"><tbody><tr><th colspan="4">Difference between a scholarship, grant and fellowship</th></tr><tr><th>Parameters</th><th>Scholarship</th><th>Grant</th><th>Fellowship</th></tr><tr><td>Focus</td><td>Primarily for undergraduate studies (but provided for PG courses as well), awarded based on academic merit, financial need, or a combination of both.</td><td><p>Supports a specific project, research, or creative endeavour. Can be open to individuals, organizations, or institutions.</p></td><td>Often for graduate studies, awarded based on academic excellence and potential for future research contributions.</td></tr><tr><td>Level of Study</td><td>Primarily for undergraduate studies, though some exist for graduate programs.</td><td>Applicable across various levels, from research projects to creative endeavours.</td><td>Mostly for graduate studies (Master's, PhD), but some support postdoctoral research.</td></tr><tr><td>Monetary vs. Non-Monetary</td><td>Typically offer financial aid to cover tuition and living expenses.</td><td>Can be monetary to support a project or non-monetary, providing resources or access to facilities.</td><td>Typically offer financial aid to cover tuition and living expenses.</td></tr></tbody></table>

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