Investigating Scholarships and Bursaries

Today I will be researching Scholarships, Bursaries, and Loans.

First thing I will do is give a definition of what each of these are.

Scholarship: A scholarship is a sum of money or other aid granted to a student, because of merit, need, etc., to pursue his or her studies.

Bursaries: A bursary is a college scholarship.

Loans: A loan for schooling is a loan originated by the government or a private bank for educational expenses.

Pros and Cons of Scholarships

Pros: Some good things about getting a University scholarship is that you get a great education for either free or at a lowerd rate. This can help you succeed in your future learning in ways you may not have been able to afford without a scholarship.

Cons: Some bad things about getting a scholarship is that it may require you to move away from home. Some scholarships are only offered in certain school for whatever specific area you are receiving one for.

Pros and Cons of Bursaries

Pros: Bursaries are based on need and merit. This is good because those who really need the extra support can get it through these programs. Also people with good records and averages will receive this instead of those who aren't as academically intelligent.

Cons: Some bad things about this program would be that if you aren't as academically intelligent as some other students that have also applied for the program, you wouldn't be as likely to get the support.

Pros and Cons of Loans

Pros: Loans are great for people who need the money to get there education. It is an immportant system for those who want an education but cannot afford it.

Cons: Some bad things with loans are the part about having to pay back the money you were lent. The thing is with some loans that you get the rate goes up for the more time you havn't payed back the money to the bank. This could cause you to owe more money than you got.

Resources:
http://dictionary.reference.com/
http://www.canlearn.ca/eng/postsec/money/grants/index.shtml