What is the Difference Between Scholarship vs Assistantship? Which is a best way of cutting down on the cost of studying and living abroad?

A scholarship is like a grant given to student by government, universities or any other organizations to pursue their education. 

Assistantship is different from scholarship. While you still receive money for school, you agree to work on campus. Assistantships work in the same way as work-study programs, but instead of working in the cafeteria or for housekeeping, you usually do work relating to your major.

Choosing between an assistantship and a scholarship involves looking at the time commitments. Both give you free money that you can use for education, but when you accept an assistantship, you must work for the campus. Look at the amount of money you receive and the terms before deciding which one is best for you.