What is the difference between bursary and loan




















Bursaries vary in amounts and professions and are given to students in order to further their studies. In return for funding your studies, the company may require you to repay them by signing a work contract with them. A scholarship is a financial award usually given to students based on their outstanding academic achievements.

Recipients are not always expected to repay or work back the money they receive. Download our mobile app. Search for:. Your browser does not have JavaScript enabled. Please enable JavaScript to access ScholarshipsCanada. Feel free to contact us at info ScholarshipsCanada. New to the site? Create an account. Log in. Coronavirus Information: Stay up-to-date on school news and resources for students Learn More.

Programs Programs Schools Careers. Modified on April 28, Share This. About us About ScholarshipsCanada. Facebook Instagram Twitter GooglePlus. Log in Cancel Please enter a username. Please enter a password. Forgot Password? Change Site. Your ScholarshipsCanada login gets you access to the whole platform! The process requires you to pass many phases of steps and a lot of requirements are set. While some scholarship programs are designed for international students, some scholarships can be granted only to citizens of a certain country.

Some scholarship schemes may also be opened for postgraduates only, while some are strictly for undergraduate programs. In fact, all types of scholarships have their requirements peculiar to themselves. Since scholarship grants are difficult and competitive, individuals are advised to strictly follow the requirements and make a proper application.

Most scholarships are normally applied online with few having test exams. Student loans are granted to individuals by the government to cover their college or university fees until their graduation. Unlike the above two, loans are granted to students with an agreement to pay back after graduation and have secured a job.

Student loans are not free except when you apply for some student scholarship loans to ease the burden. Maintenance Loan : maintenance loans on the other hand are the ones granted to students for their upkeep while studying in the university or college. It varies with your places of study. Many factors such as your age and the income of your parents are considered before you can be granted this loan.

Individuals can easily apply for a student loan through their official websites. You can also google the various types of student loans to access and determine the type you need. Enter your email address to subscribe to this blog and receive notifications of new posts by email.

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