The main difference between a grant and a loan is repayment. A loan requires you to repay the money you borrow, whereas a grant does not. Grants are, essentially, a gift.
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Unlike grants and scholarships, student loans need to be repaid. Student loans often provide a larger amount of money compared to other financial aid options.
A grant is a form of financial aid that doesn't have to be repaid (unless, for example, you withdraw from school and owe a refund, or you receive a TEACH ...
Jun 15, 2023 · Here's the main difference: A grant is a set amount of money that is awarded to an applicant without repayment, while a loan needs to be paid ...
Mar 2, 2022 · Simply put, grants don't need to be repaid, while you must repay student loans (plus interest). Grant repayment. You can think of a grant like a ...
A grant is a gift that does not have to be repaid; it is based on the student's financial need. A scholarship is an achievement award which is usually based on ...
Loans are borrowed from a person or financial institution and must be repaid with interest. Grants do not have to be repaid and can be considered free money.
Nov 17, 2023 · In contrast with grants, loans need to be paid back to the government (reimbursement or repayment). Loans provide funds in the form of up-front ...
Dec 7, 2023 · The primary difference between a grant and a loan is that a loan must be repaid eventually, while a grant is essentially a gift of money. Grants ...
Aug 25, 2023 · A loan needs to be repaid, but a grant does not. With a student grant, the money is provided for school expenses with no strings attached.