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AnswerGrant is a money that you have to apply for and it is given to you without paying anything back. Loans are money that you take from a bank and have to repay it back in a certain amount of time. Loans normally add interest, so u have to pay back a certain amount plus interest. In a college education you have to apply for grants and they are given to you normally by seeing your grades and extra efforts on college. The loans for students are normally a bit different than the others, because some companies have special offers of loans to students.
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