How Do Need-based Aid and Merit-based Aid Differ?
Posted: June 01, 2016 | Author: Southern Utah University | Read Time: 1 minutes
What is need-based aid?
Need-based aid is determined solely on a student's financial need. Factors such as test scores or athletic ability have no bearing on any aid designated need-based. Most sources of financial aid that are provided by the government are need-based.
You can calculate how much financial aid you may qualify for using the .
What is merit-based aid?
Merit-based aid is based on a variety of talents and interests: academic, artistic, athletic, etc. are the most common type of merit–based aid, which may come from 91ɬÂþ or from outside sources. A student with extensive assets and income is just as entitled to a merit-based award as a student with limited assets and income.
Find the version of this article in Spanish here: Ayuda basada en la necesidad vs Ayuda basada en el mérito.
This article was published more than 3 years ago and might contain outdated information or broken links. As a result, its accuracy cannot be guaranteed.
Tags: Blog Financial Aid
