Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Money Management > Loans > Student Loans and Financial Aid > Categorical grants and block grants are?

Categorical grants and block grants are?

In: Student Loans and Financial Aid, Politics and Government, US Constitution [Edit categories]

Answer:

Block grant - grant awarded for funding a specific purpose
Categorical grant - same as a block grant but has more detailed restrictions in how the funding can be used

First answer by AcidAsha. Last edit by AcidAsha. Contributor trust: 0 [recommend contributor ]. Question popularity: 1 [recommend question].

[report abuse]

Can you answer these Student Loans and Financial Aid questions?

	How to upgrade my membership status in Wellgates Scholar Program?	Answer it!
	How much is the tuition fee for civil engineering?	Answer it!
	Are you considered a high school senior the summer of your senior year or when you actually physically start school?	Answer it!
	How can you get a loan for school with bad credit?	Answer it!
	What is a parent loan?	Answer it!

Relevant answers:

Are categorical grants preferable to block grants?
Well, it depends. It is apparent that block grants are preferable to the states and governors, since they are more broad and less detailed on how the money can and should be spent, whereas a...
What are grants in aid categorical grants and block grants?
Grants in aid are grants to states to achieve a public project or service. Categorical grants are grants that are given to states for a SPECIFIC PURPOSE. Block grants are given to states for a...
How is a block grant different from categorical grant?
A block grant is almost the same as a categorical grant, except that a categorical grant has more restrictions in how the money can be used. Both have specific purposes outlined for what the funding...
What is the difference between categorical and block grants?
It should also be noted that categorical grants are done on a formula basis; block grants are not. Block grants provide SIGNIFICANTLY more wiggle room for states and localities to innovate.
What are block grants?
funds to support programs for the elderly are available thorught many federal agenies besides the department of health and human services.