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Scholarships: Scholarships are monetary awards given to students based on various criteria
such as academic achievements, athletic abilities, artistic talents, community service, or
specific demographics. Scholarships do not require repayment and can be provided by educational
institutions, private organizations, foundations, or government entities.
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Grants: Grants are financial aid awarded to students based on financial need. They are
typically provided by governments, educational institutions, or private organizations. Grants
can cover a portion or the entire cost of education and do not need to be repaid.
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Loans: Student loans are funds borrowed to cover educational expenses. Loans need to be
repaid, typically with interest, after the student completes their education or graduates. Loans
can be provided by government agencies (such as federal student loans), private banks, or
educational institutions. It is important to carefully consider the terms and conditions of
loans before borrowing, including interest rates and repayment options.
