How does a bursary differ from a student loan?

Question: How does a bursary differ from a student loan?

A bursary is a form of financial aid that does not need to be repaid, while a student loan is a form of financial aid that needs to be repaid with interest. Bursaries are typically awarded based on merit or financial need and can cover a variety of expenses, such as tuition, books, and living expenses. In contrast, student loans are borrowed money that must be repaid, often with interest, after the completion of studies.

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