Analyse two differences between bursaries and study loans?

Question: Analyse two differences between bursaries and study loans?

Bursaries and study loans are two forms of financial assistance for students, with two main differences. First, bursaries are typically awarded based on merit or need and do not need to be repaid, while study loans are usually based on the borrower's ability to repay and must be paid back with interest. Second, bursaries are often provided by organizations or institutions with the goal of investing in the education and potential of individuals, while study loans are typically provided by financial institutions as a form of credit with the aim of generating profits through interest.

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