How is a student loan different from a scholarship? A student loan must be paid back, but a scholarship is not paid back. A scholarship must be paid back, but a student loan is not paid back. A student loan is a form of financial aid but a scholarship is not. A scholarship is a form of financial aid but a student loan is not.

student loan must be paid back, but a scholarship is not paid back.<br /><br />A student loan is a type of financial aid that must be repaid by the borrower, typically with interest. It is a form of debt that the student takes on to help pay for their education. On the other hand, a scholarship is a form of financial aid that does not need to be repaid. Scholarships are usually awarded based on academic or other achievements and are intended to help students pay for their education without the burden of debt.