What is need-based financial aid?

   2 years ago

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Answered 2 years ago

If you are seeking need-based financial aid, then don’t worry about having a stellar academic record. To be eligible for this aid, the government will look on the assets and income of prospective student and his or her family. All other factors have no impact on the need-based financial aid situation.

You may ask then what is merit-based Financial aid?

As the name suggests, merit-based scholarships are awarded to students with talents in academic, artistic, athletic and list goes on. If your family has extensive assets and healthy source of income, you will still be considered equally for merit-based financial aid.