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

April 26, 2017aid merit-based need-based

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

2 Answers

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Need-based aid is allocated based on the financial need of the family. Merit-based aid takes into account factors such as grades, test scores, talent, and skills, (e.g. music or drama).

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Need-based aid is based on the financial need of the family. Merit-based aid is based on the students grades and test scores. Merit aid is based on factors such as grades, test scores, talent, and skills, (e.g. music drama).