What is the difference between the following financial options:
Bursary
Study
Scholarship
A bursary is a form of financial aid that is awarded to students based on financial need. It is usually awarded by an educational institution or a government agency. Bursaries are usually awarded to students who cannot afford to pay for their studies.
A study loan is a loan taken out by a student to cover the cost of their studies. It is usually taken out from a bank or other financial institution and is repaid with interest.
A scholarship is a form of financial aid that is awarded to students based on academic merit or other criteria. Scholarships are usually awarded by educational institutions, private organizations, or government agencies. Scholarships are usually awarded to students who demonstrate excellence in their studies or have achieved a certain level of academic success.