
Need-Based Aid
Need-based aid refers to financial assistance provided to students based on their financial situation. This type of aid aims to help those who demonstrate financial need, meaning their family's income is insufficient to cover the costs of education, such as tuition, fees, and living expenses. It can come from various sources, including government programs, schools, and private organizations. To qualify, students typically need to fill out financial aid applications, like the FAFSA (Free Application for Federal Student Aid), which assess their financial circumstances to determine the level of assistance they may receive.