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Business, 21.10.2020 03:01 ReaLily

What is one major difference between a grant and a loan? If you receive a grant, you cannot also get a scholarship. However, if you receive a loan, you can also get a scholarship.
A grant is considered a financial gift. Unlike a loan, you do not have to pay it back.
A loan is considered a financial gift. Unlike a grant, you do not have to pay it back.
You can apply for loans using the FAFSA, but you cannot use the FAFSA to apply for grants.

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