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College and University Discussion
Reply to "Financial aid and merit aid"
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[quote=Anonymous][quote=Anonymous]Depends on the school, but for the ones that promise to meet full need, merit tends to be limited to small numbers of students and is highly competitive. These would be specific scholarships that you can find on the school's website. [b]Sometimes schools that meet full need will call a need-based financial grant as a "scholarship" in the estimate, though that makes things confusing, as it doesn't mean the scholarship is merit-based.[/b] Most schools that offer merit on top of need-based aid are not meet-full-need schools. It is also not unusual for merit, say outside scholarships, to reduce the calculated need. My opinion, if you're using the Net Price Calculator at meet-need schools (which is imperative if you need aid), don't expect more than the estimate you get from the NPC.[/quote] I agree; this can be confusing. I work at a need-blind/meet-full-need school that refers to a subset of financial aid awards as “scholarships,” and often those scholarships have preferences attached to them (student is from New Jersey, student wants to pursue a philosophy degree, student plays the tuba). But students who are matched to these scholarships first demonstrated need; students who don’t have financial need are not considered for them.[/quote]
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