Explain the concepts of educational ‘grants’and ‘loans’ with their impact on the issues of educational subsidy and compensation.

Educational grants and loans are two common ways in which governments and organizations provide financial assistance to students pursuing higher education. Both grants and loans can have a significant impact on the issues of educational subsidy and compensation.

Educational grants are financial awards that do not need to be repaid. Grants are typically awarded on the basis of financial need, academic merit, or other criteria. Grants can be funded by governments, private organizations, or educational institutions. Grants can help to offset the cost of _________ _____ ________ _________ _________ ________ ______ __________ _______.
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