What is the difference between a student loan and a scholarship?

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Multiple Choice

What is the difference between a student loan and a scholarship?

Explanation:
The main idea is whether the funds need to be paid back. A student loan is money you borrow to pay for education, and you must repay that amount plus interest over time after or during your studies. A scholarship is financial aid awarded for merit or need that helps cover costs and does not require repayment, as long as you meet the scholarship’s conditions (like maintaining a certain GPA or other commitments). So the difference is debt with a repayment obligation versus funds that don’t need to be paid back.

The main idea is whether the funds need to be paid back. A student loan is money you borrow to pay for education, and you must repay that amount plus interest over time after or during your studies. A scholarship is financial aid awarded for merit or need that helps cover costs and does not require repayment, as long as you meet the scholarship’s conditions (like maintaining a certain GPA or other commitments). So the difference is debt with a repayment obligation versus funds that don’t need to be paid back.

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