Question

WRITE: What is the difference between a scholarship and a loan?​

Answer 1

Answer:

Scholarships. We’ve all heard about applying for scholarships, but what exactly are they? Scholarships are sums of money specifically designated for your education.

Grants. Simply stated, grants are free money. ...

Loans. A loan is borrowed money that needs to be paid back with interest. ...

Explanation:

Answer 2

Answer:

A scholarship is an achievement award which is usually based on academic grades, abilities, skills, test scores, class rank, etc. Loans are funds borrowed by the student and/or parent. In most cases, loans must be repaid with an interest charge during a specified repayment period.

Explanation:

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