What US currency is grant on?
I'm trying to figure out which specific currency in the United States is associated with the term 'grant'. I'm looking for clarification on whether it's a dollar, cent, or any other denomination used in the US.
Is a grant typically money that you have to pay back?
I'm curious about the nature of grants and how they differ from loans. Specifically, is a grant typically money that one is obligated to pay back, or is it considered a form of non-repayable financial assistance? Understanding this distinction would help me better navigate financial opportunities and avoid any misunderstandings regarding repayment obligations.