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.
O Aloan 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.
it back.
e to pay it back