Scholars have to repay financial aid if it is as a loan, but they do not have to repay grants, scholarships or money awarded through a work-study program. Graduates eligible for scholarships or awards should exhaust those options before taking out any loans, experts say.
Student loan different from a scholarship because: A student loan must be paid back, but a scholarship is not paid back.
Student loan can be defined as borrowing or lending money to cover your school expenses while scholarship is a financial aid or financial assistance to cover your school expenses.
When you borrowed money you are expected to payback but when it comes to scholarship you are not expected to pay back because the money given to you was free.
Inconclusion Student loan different from a scholarship because: A student loan must be paid back, but a scholarship is not paid back.
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