Bursary differs from student loan in the following way: Bursary is an academic grant given to students to help them further their education while student loan are given to students in order to help them meet their needs and pay back at a stipulated time.
What is bursary?
Bursary is seen as an academic grant that is usually awarded to students to help them further their academic studies. It is usually given to the those students who have proven to be intelligent and brilliant. Outstanding students enjoy bursary.
Bursary is not allowed to be paid back. But student loan must be paid back.
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