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Grants vs loans for online study
Funding & Fees · updated 2026-09-07
Grants are not repaid and are competitive. Loans are available and are repaid.
| Grant | Loan |
|---|
| Repaid | No | Yes |
| Competition | High | Low |
| Typical decision time | 6-12 weeks | 1-4 weeks |
| Conditions | Progress, sometimes reporting | Repayment terms |
| Online study eligible | Sometimes | Usually |
Worth knowing
- Many grants exclude part-time or fully online study. Check first.
- Grants often pay in instalments tied to progress.
- Applying for both is normal. Grants usually reduce loan need, not eligibility.
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