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Unlike a merit-based scholarship, grants are awarded either by the institution or by an outside organization based on the financial situation of you and your family.
A grant is a type of need-based aid that does not need to be repaid. You'll find a variety of grants offered by the federal government that are widely available, as well as grants specific to program of study and personal background.
“Memorial” is the inclusive term for need-based aid at Lipscomb. Memorials are of two types: general and designated. A general memorial comes from the general funds of the university; the designated memorials consist of restricted scholarship funds set up in memory of individuals. All need-based aid is based fully on FAFSA results and are usually awarded according to those who apply first.