Need-Based Aid
The primary goal is to help students pay for college and to make it accessible for those who couldn’t afford it otherwise.Financial aid offices use a process known as need analysis to estimate the amount that families will be expected to pay toward college costs, if any.
Merit-Based Aid
Some institutions offer academic/merit scholarships. Financial need is not typically considered when awarding these.The procedures for being considered vary by institution and may require a nomination, scholarship application, or simply the admission application.
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