Financial aid that is awarded based on a student's financial situation. Most government's student financial aid is need based. Need-based aid can be awarded in the form of grants, loans, or work-study pay. Need-Based Scholarship – A scholarship awarded primarily on the basis of the student's financial need.
Financial assistance based on the financial aid eligibility of the student and family.
Awarded to students based on eligibility and financial need.
Financial aid that is awarded solely on the financial need of the student and his family.
Financial aid given on the basis of an applicant's financial need rather than his or her merit (ie value to the programme).
Financial aid that is awarded on financial need. Academic, artistic, athletic, and other forms of merit are not considered for eligibility.
The cost of education compared to a student's (or a student's family's) ability to meet those costs.
aid programs for which you must demonstrate financial need in order to qualify.
If the Cost of Attendance (COA) for your college exceeds your Expected Family Contribution (EFC), you will be eligible for need-based aid to cover the difference. You may be awarded a financial aid package that consists of a combination of grants, scholarships, loans, and work-study. The total amount of your package will be determined by a combination of demonstrated financial need, federal award maximums, and your school's available funds.
Any form of monetary assistance awarded by a postsecondary educational institution on the basis of a student's demonstrated financial need. Need is established by subtracting the family contribution figure, as calculated from the FAFSA data, from the average cost of attendance figure. If a positive amount remains, the student may be eligible for a number of need-based aid programs. Also see "Financial Need".
Student assistance awarded because a student's financial circumstances would not permit him or her to afford the cost of a postsecondary education.
Funding awarded based on financial factors. Earlham students are awarded the maximum need-based aid for which they are eligible, according to federal, state and Earlham policies. This type of funding is awarded by the Financial Aid staff.
College-funded or college-administered award from institutional, state, federal, or other sources for which a student must have financial need to qualify. This includes both institutional and noninstitutional student aid (grants, jobs, and loans).
In contrast to merit-based aid, financial aid that is awarded to meet need as defined by the Federal or Institutional Methodologies. To receive need-based aid, a family files one or more annual disclosures of their financial condition, such as the FAFSA (Free Application for Student Aid).