grant aid

Grant aid is money provided by the government, organizations, or institutions that does not need to be repaid. It helps individuals, schools, or businesses fund specific projects or expenses, such as education, research, or community development. Because it’s a gift rather than a loan, recipients can use the funds for their intended purpose without the obligation of repayment, often with certain conditions or reporting requirements to ensure proper use. Grant aid is a valuable resource that supports innovative ideas, initiatives, and development without adding financial debt.