Loans

Grant Vs Loan – The Difference between a Grant and a Student Loan

grant-vs-loan-the-difference-between-a-grant-and-a-student-loan

Grant Vs Loan – How to Choose

This video explains the difference between a grant and a student loan in the financial aid process for college. A grant is free money that the student never has to pay back. A loan is money that must be repaid in full with interest. Students should accept any grants that are awarded in their financial aid offer. When deciding whether to accept or reject a student loan, students should remember that this money will have to be paid back eventually. It is very difficult to get rid of student loans and nearly impossible to have the discharged in bankruptcy, so students should be cautious about the amount of money they borrow.

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This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.

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  1. Influence Ehimen
    July 27, 2021 at 10:30 am

    Lutherangrants com helped me with a grant of $30,000 to finance my business .I am so happy i came across them .