need-based aid

Poverty-driven financial assistance

Need-based aid is financial assistance awarded according to a student's or family's demonstrated economic circumstances rather than academic achievement or other merit.

It includes grants, subsidized loans, and work-study programs: She qualified for need-based aid after submitting her financial documents.

Contrasts with merit-based aid, which rewards talent or accomplishment regardless of financial situation.

Opposites
criteria for awarding

need-based aidmerit-based aid

Funding awarded for achievement

merit scholarships · academic scholarships · athletic scholarships · merit awards · diversity scholarships

financial support vs. no support

need-based aidself-funding

Paying one's own way

private loans

Family

base, need

Familiarity
Top 200,000
Profile
Timeless · Positive · Rated G