Скачать или смотреть Merit-Based VS Need-Based Financial Aid

Merit-based aid is awarded in recognition of the students' talents or skills

May be artistic or athletic, but for the most part, merit-based aid awarded is based on the student's overall admissions application

Criteria to receive merit-based aid can differ from school to school

Understand the requirements to maintain a merit-based award. Do you need to maintain a minimum GPA or stay in a certain major?

Need-based aid is based on a family's financial eligibility, which you will need to fill out the FAFSA and potentially the CSS Profile for

It is determined by standardized formulas

Most families will not have 100% of their financial need met because most schools do not have the financial resources to meet 100% of every student's need

There are a few schools with larger endowments that meet 100% of need for every student