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What is the difference between merit scholarships and need-based aid?

April 26, 2017aid merit need-based scholarships

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What is the difference between merit scholarships and need-based aid?

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Merit scholarships consist of scholarships that are awarded to students for specific talents or accomplishments: academic, service-oriented, or music. They are awarded without regard to a family’s ability to pay for college. Need-based aid is awarded to admitted students purely on financial status, and without regard to specific achievements.