Bursaries, Scholarships and Student Loans
Bursaries differs in amounts and professions and are given to students in order to further their studies, it is sometimes based on academic performance or financial need. A student might be required to work for the company that offered him/her a bursary in order to work back the money spent on him/her
Scholarship is a financial award usually given to students based on their outstanding academic achievements. Students are not always expected to pay back the money they received.
Loans are given to students based on their financial need and affordability and the loan is linked to interest rates and must be payed back.