What is the difference between merit-based scholarships and need-based scholarships?
Merit-based scholarships and need-based scholarships are two types of financial aid awarded to college students. Merit-based scholarships are awarded based on individual achievements, such as academic, athletic or artistic accomplishments. Need-based scholarships are awarded based on the ability of you and your family to pay for college. Merit-based scholarships are awarded by states or colleges to students with strong academic records, leadership qualities, community involvement or other talents. Need-based scholarships are awarded by the government, specific colleges or occasionally through private scholarships. Merit-based scholarships are generally less competitive that need-based scholarships, and are often awarded to any student who qualifies. You can find both merit-based and need-based scholarships on Cappex.com.
