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