Scholarship A scholarship is a financial award given to students based on their outstanding academic achievement. Successful recipients are not always expected to repay or work back the money they receive.
Bursary Bursaries vary in amounts and professions and are given to students in order to further their studies. In return for funding your studies, the company may require you to repay them by signing a work contract with them.
Loans Loans are awarded to applicants based on their need and family income. Applicants apply for a loan and the provider approves and pays for student’s tertiary needs. In return the loan amount is paid back with interest. Generally interest is paid during studies and loan amount is paid after securing a job.
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