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Explanation:Bursary- A bursary is when a company will assist a student by funding their university or higher education. These bursaries often include living allowances, and pocket money. Sometimes the company will require you to work for them at minimum wage once you have graduated. These bursaries are provided to post-Matriculants who are in need of financial assistance and are dedicated to studying further.

Student Loan- This is a type of financial assistance provided by either the government or sometimes banks to pay for your college tuition. You are later required to pay back this loan with interest once you have stable income. Because of this, it is easier to apply for a Student Loan than any other type of financial aid. You are required to be accepted into a university and have someone to service you loan.

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The financial assistance that can be applied for after Grade 12 are;

  • University Need-Based Scholarships.
  • Federal and State Grants and Scholarships.

What are financial assistance for study?

Financial assistance can be regarded as the financial help that can be granted to students so that they can further further their education.

Federal and State Grants and Scholarships serves as a financial assistance that had helped many students to achieve their University education.

Learn more about financial assistance at;

https://brainly.com/question/26499492