Question

Distinguish between the features and benefits of getting a student loan and getting a grant or a scholarship.

Categories:
- Student Loan
- Grant or Scholarship

Tiles:
- Borrowed money that needs to be repaid
- Given based on financial need
- Given based on academic achievement and financial need
- Part of credit history

Answer 1

Student Loan

- Borrowed money that needs to be repaid

- Part of credit history

Grant or scholarship

- Given based on financial need

- Given based on academic achievement and financial need

Step-by-step explanation:

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Answer 2

Student Loan:

• borrowed money that needs to be repaid
• part of credit history

Grant or Scholarship

• given on the basis of financial need
• Given based on academic achievement and financial need

The major difference between loans and scholarships is that loans will have to be repaid and scholarships do not.