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Home > Financial aid

 
Financial aid refers to funding intended to help students pay tuition or other costs, such as room and board , for education at a college, university, or private school. General governmental funding for public education is not called financial aid, which refers to awards to specific individual students. A scholarship is sometimes used as a synonym for a financial aid award.

1 Types of financial aid

Financial aid may be classified into two types based on the criteria through which the financial aid is awarded: merit-based or need-based.

1.1 Merit-based

Merit-based financial aid includes both academic and athletic scholarships.

1.2 Need-based

Need-based financial aid is awarded on the basis of the financial need of the student.

In the United States, to receive federal need-based financial aid, the student must file a FAFSA application.

The United States government provides need-based financial aid in the form of Pell grant s.

2 See also

3 External links

Education Financial aid

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Topics: Financial Aid, Types Of Financial Aid, Merit based, Need based...

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