I’m currently researching different types of scholarships for college and came across the term “need-based scholarship.” I understand it has something to do with financial need, but I’m not quite clear on how it works or what qualifies someone for it.
Could someone explain what a need-based scholarship is, how you can apply for one, and what criteria are typically used to determine eligibility? Any insights or personal experiences would be greatly appreciated…
A need-based scholarship is financial aid provided based on a student’s financial situation. Organizations and institutions award scholarship money to students who come from low-income backgrounds, depending on their expected contribution toward college tuition.