Page 5 - Paying for College with Financial Aid
P. 5

Types of Financial Aid










                                   There are basically two type of financial aid:



                                   • Need-Based  - decisions for funding are based on financial need



                                   • Merit-Based  - Decisions are based on student talents and interest.

                                       Academic scholarships are the most common type of merit financial aid,

                                       but aid is also provided to students with special talent or interests like sports
                                       or music or for enrollment in certain academic or technical programs.
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