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

Student Loan:

Grant or Scholarship

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

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

Explanation:

Just took the test

answer; competency based pay;