The difference between a loan and a bursary is that a loan has to be paid back whilst a bursary is non-repayable.
How is a bursary paid?
How your bursary is paid to you will depend on your school, college or training provider. It might be paid into your bank account, in lump sums or in instalments during your course. You may also be given a cheque or cash. … Or you might receive part of your bursary in money and part of it ‘in kind’.
What is the difference between bursary and scholarship?
Both scholarships and bursaries cover the educational expenses of students based on academic performance and financial needs. Meanwhile, scholarships are more inclined to fund students with outstanding academic performance, and bursaries are mostly prone to support students in financial need.