05 04

Need based financial aid essay

need based financial aid essay Well, you might be surprised to learn that the correct answer is actually E . Here’s why.

Need-based Financial Aid

Federal student aid is need-based. That means it doesn't discriminate by any factor apart from financial need. Eligibility is based solely on the assets and income of the prospective student and his or her family. Factors such as test scores or athletic ability have no bearing on need-based aid.

Merit-based Financial Aid

On the other side of the coin is merit-based aid. Merit includes a variety of talents and interests: academic, artistic, athletic, and the list goes on. Scholarships are the most common type of merit-based aid (though some do have a need-based component), which may come from the school or from outside sources. Assuming need is not a condition. A student with extensive assets and income is just as entitled to a merit-based award as a student with limited assets and income.

need based financial aid essay Need-Based vs Merit-Based Financial Aid - Campus Explorer

in financial aid United Student - the States Wikipedia

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