Financial support is an important process in the university at the beginning of experience. It is, in fact, almost as important as the adoption by the College of the election of a student, because in those days, without benefit of financial support, it is very possible to get through all four years of students at the school . Financial assistance applies to the whole university experience. It is used to pay students for teaching in the first place, but also helps in paying for books and lab fees, their dormitories orHomes, as well as other numerous and various fees that are often in school.
But this is just the beginning for understanding the purpose and benefits of financial aid, which is divided generally into two different types of help. The first kind of financial support is a merit-based, but may relate to awards scholarships offered by individual universities and are offered by third parties. Merit-based financial aid application is usually offeredStudents who have excelled scientifically. Some, but also for students who have excelled in one particular area. Certain groups, such as the YMCA, also offer merit-based scholarships.
For example, an Honor Society could be offered to students, merit-based financial assistance is not only high academic standards, but also because the implied authority and services to the National Honor Society. An outstanding high school football player with good grades can alsoqualify for a merit scholarship. He does not need a 4.0 grade-point average - typically, a C or C + is the minimum grade-point average - only because it has a high quality of the ability to have demonstrated responsibility, and determination, as it applies to athletics. A school that best artists, it could also receive a merit scholarship. Students and has very good qualities of leadership and responsibility to qualify, too.
Merit-based financial aidEmphasis is not on the actual financial needs of each student. A student who comes from a wealthy family, who would not do to have trouble paying for college may receive a merit scholarship - if he or she deserves, of course - as simple as a student, who rely solely on financial aid, In order to attend college.
That the second type of financial support: the need-based scholarship recalls. The monetary needs of an individual student determines the awarding of need-based financial --Aid. In other words, while non-merit based scholarships for those who have much money and those who do not do that, are also provided, to-do students used in the example above could receive a need-based scholarship. To help you-need-based financial aid exists solely to financial hardship. In most cases, a student of the financial needs of FAFSA (the Free Application for Federal Student Aid determines), a comprehensive examination before the first semester students completedCollege.
The understanding of the key differences between the need-based scholarships and merit-based scholarships is only the beginning when it comes to understanding the advantages and disadvantages of financial support. However, it is incredibly important to know the difference before the start of the process of acquiring financial aid in order to better understand, what the potential students need - and, more importantly, what they get in the situation in terms of financial assistance .
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