What annual income on average allows you to qualify for financial need for a scholarship?
Eric: Scholarships are rarely based on financial need – I think you’re confusing scholarships with forms of financial aid known as “need-based” aid. The best known examples of need-based aid are federal grants, like the Pell Grant program. The majority of scholarships are awarded to recognize academic, performing arts, or athletic potential, but some scholarship programs limit eligibility to applicants who belong to a particular group, or suffer from a particular disability, or belong, or have parents who belong to a particular organization. (For example, the Lions Club might offers scholarships to the children of Lions Club members, or IBM might offer a scholarship that was only available to the children of IBM employees.) I’d like to encourage you to read the US Department of Education brochure that I’m linking to – it’s called Funding Education Beyond High School: The Guide to Federal Student Aid. If you’re not comfortable reading it online, you can ask a guidance counselor at your
