
Bursary
Need-Based Aid
A bursary is often need-based, meaning it's given due to the student's financial situation.
He was granted a bursary after proving his financial struggles.
Education Specific
A bursary is specific to educational support and can cover tuition, books, or living expenses.
Her bursary covered not just tuition, but also her textbooks.
Not a Loan
Unlike a loan, a bursary doesn't need to be repaid; it's a form of financial gift.
The best part about a bursary is you won't have to pay it back after graduation.