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Grants, Contracts, RFAs, and RFPs. 1  A grant is a funding mechanism for a particular scientific inquiry that you generate. 2  In contrast, a contract is a funding mechanism of government agencies or other organizations to obtain specified services or goods.
Grants are different from loans in that you don't have to pay them back. Grants are sometimes offered by the government to encourage people to go on certain courses, or to help people in deprived demographics. Many charities offer grants too.it is like a promortion from others. Grants are different from loans in that you don't have to pay them back.