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Bursaries, Scholarships and Student Loans
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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
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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.
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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.
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