Grants / Scholarships Vs. Loans - What is the difference?

Grants

Free money from schools or the government, based on financial need, you do NOT have to pay them back. 

Scholarships 

Free money from schools or independent providers, usually based on some eligibility requirements and an application, you do NOT have to pay them back. 

Loans

Provide you with money to pay for college, buy you must pay them back after you graduate, with interest.