What does the term "grant" refer to in the context of school funding?

In the context of school funding, the term "grant" specifically refers to financial aid that does not require repayment. This means that the funds provided through a grant can be utilized by schools for various educational purposes, such as enhancing programs, supporting staff, or acquiring resources, without the burden of having to repay the amount received.

Grants are typically awarded based on specific criteria, such as eligibility requirements that may include the nature of the project, the needs of the school, or the intended outcomes of the funding. They play a vital role in supporting educational initiatives by allowing schools to access necessary funds without the financial strain often associated with loans.

In contrast to other funding options, grants are considered a crucial source of support that can enable schools to implement projects that may not be feasible within their standard budgetary constraints. Through grants, educational institutions can pursue innovation, improve student outcomes, and foster academic growth without worrying about future repayment obligations.