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What are the differences between financial aid and scholarship?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/17
Theophilus Johnson
by Theophilus Johnson , Office Assistant/ Supervisor , F B International

Financial aid are assistance given to individuals mainly cash in pursuing a certain goal (ex. education) while Scholarship is a form of support that does not allow you to receive the cash but the service equivalent.

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