While the terms are frequently used interchangeably, there is a difference. Scholarships may have a financial need component but rely on other criteria as well.
Academic Scholarships typically use a minimum Grade Point Average or standardized test score such as the ACT or SAT to select awardees.
Athletic Scholarships are generally based on athletic performance of a student and used as a tool to recruit high-performing athletes for their school's athletic teams.
Merit Scholarships can be based on a number of criteria, including performance in a particular school subject or even club participation or community service.
Grants, however, are offered based exclusively on financial need and determined using the applicant's FAFSA information