Is there a way to borrow money without paying interest?
2007-01-13 09:45:52 · 8 answers · asked by jyjyop 2 in Education & Reference ➔ Financial Aid
loans you must pay back, but grants are free $$. the only way to borrow without paying interest is to be offered a subsidized loan by your school. You have to fill out the FAFSA and the lower ur income, the more likely u are to get a subsidized loan offered to u
2007-01-13 09:53:42 · answer #1 · answered by noggin 1 · 0⤊ 0⤋
You don't have to pay back a grant. I've never heard of a no-interest loan unless it was borrowed privately through family or friend.
2007-01-13 17:49:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Loans are borrowed money that must be paid back. Grants are money that is given, like a gift and does not have to be paid back. Most loans have interest. It is like renting money.
2007-01-13 17:54:48 · answer #3 · answered by fangtaiyang 7 · 0⤊ 0⤋
A loan comes from a bank or a person who will expect money back and mostly with interest, but a grant is a loan that helps your research or project to help better te world.
2007-01-13 17:50:17 · answer #4 · answered by B-ball_Killa 2 · 0⤊ 0⤋
loans you have to pay back, with interest. grants you don't have to pay back at all.
There is no way that I know of to borrow money with out paying interest. Unless, of course, you borrow the money from someone you know, like a parent or something.
2007-01-13 17:49:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Loans have to be paid back and charge interest. Grants are "free", the don't have to be paid. In some instances, grants must be counted as income.
2007-01-13 17:49:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
a loan is repayable.
a grant, usually, is not.
2007-01-13 23:20:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋
They dont differ really, they both stripe you up on the interest sadly!!
2007-01-13 17:49:40 · answer #8 · answered by TP 2 · 0⤊ 0⤋