Both terms are inter-changeable.
Scholarships are nothing more than a grant of money toward a person's education.
It can be free money, or it can be money granted with certain stipulations. Be sure to check each fund's requirements before applying. To find a list of scholarships opportunities that are right for you, fill out our free scholarship search form . To learn more about Federal Loans, visit the federal government's Student Guide to Federal Financial Aid . When referring to a subsidized Federal Stafford Loan, the government will pay the interest on the loan while the student is in school.