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loans are money or items offfered to you where you have to pay back sometime in the future, it all depend on what type of loan you want
grants are money offered to you by the government for those with financial need (mostly for your college tuition)
aids come in different forms, it can be money, offers, someone helping you out when you're in a crisis situation, someone giving you things, or someone providing you with support
gifts are items that you receive for free, no expense required. usually these items are Christmas presents, but it can also be a free car that you received, free money, and other free items.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoGrant - money from other person(s) or organizations you don't pay back
Loan - money from other person(s) or organizations you pay back, usually with some interest
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When do you have to pay back money you received from a grant?
You don't ! A grant is a 'gift' - not a loan.
What difference does it make if you get a grant or a loan?
You have to pay back the loan with interest.
What is the difference between grant projects and loan projects?
Grants do not get repaid, loans must be paid off.
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
When do you have to pay back money you received from a grant?
You don't ! A grant is a 'gift' - not a loan.
What difference does it make if you get a grant or a loan?
You have to pay back the loan with interest.
What is the difference between grant projects and loan projects?
Grants do not get repaid, loans must be paid off.
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
What is a grant loan?
what is a student loan grant?
What is the difference between a scholarship and a grant?
A grant is a gift and does not have to be repaid... a Loan must be repaid...usually after you are no longer in college on at least a half time basis. However, there are some grants that have some requirement attached to it...such as community service. So, check to see if your grant has any strings.. 95+ have no strings and are a "gift". Colleges usually award Stafford Loans...and they also have a small amount of Perkins Loan money to award the needy student who requires more money than the Stafford Loan, Scholarships, various grants, work study,, etc. that he can get. Under certain circumstances, this Perkins Loan can be partially or completely forgiven over a period of years. Check your college catalog for more info.
what is a student loan grant?
what is a student loan grant?
Can I get a grant to cover the cost of online studies?
Yes, you can get a grant to cover the cost of online studies. If you cannot get a grant, you could apply for a loan. The difference among the two is you do not have to pay back a grant.
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
What is a student loan?
what is a student loan grant?
What is the difference between debt and loan?
A debt is something you owe someone, a loan is something you borrow
