What are the differences between government loans and grants?
Government loans are funds that must be repaid with interest, while grants are funds that do not need to be repaid.
Can you give me examples of each?
Sure! An example of a government loan is the Federal Direct Loan for students, and a common grant is the Pell Grant.
Who is eligible for these loans and grants?
Eligibility varies; loans typically require credit checks, while grants often depend on financial need and specific criteria.
How do I apply for a government grant?
You can apply for government grants through Grants.gov, where you can find listings and application instructions.
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