Need-Based Scholarships
Need-based scholarships are awarded to students who demonstrate financial need. These scholarships typically consider factors such as family income, assets, and expenses. Students must complete the Free Application for Federal Student Aid (FAFSA) to be considered for need-based scholarships.
Benefits: Need-based scholarships can make it possible for students from low-income families to attend college. They provide financial assistance that can cover tuition, fees, books, and other expenses.
Drawbacks: Need-based scholarships may not cover the full cost of attendance, and students may need to supplement their scholarship with other forms of financial aid, such as loans or work-study programs.
