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Vanderbilt and 16 other universities were named in a class action lawsuit filed by students in 2022. ... The payments will be offered to "students who received need-based financial aid to cover ...
Need-based financial aid is awarded based on the financial need of the student. The "need" of each student is a figure determined separately for each student. The Free Application for Federal Student Aid application (FAFSA) is generally used for determining federal, state, and institutional need-based aid eligibility.
In the United States, schools with large financial aid budgets—typically private, college-preparatory boarding schools—tend to offer either need-blind admission or a commitment to meet the full demonstrated need of the U.S. citizen students that they admit (as determined by the schools' respective financial aid departments). Certain schools ...
Dartmouth is unwavering in its commitment to provide financial aid based solely on the individual needs of our students.” A Vanderbilt spokesperson told CNN in a statement: “Though we believe ...
It has been found that providing need-based aid proved to increase degree completion in 48 states. There has also been a positive correlation between providing merit-based aid and degree completion. [13] As the level to qualify for state need-based aid is lowered, the probability of persistence increases.
While not every student will qualify for need- or merit-based aid, most students will qualify for some sort of aid, which is why the U.S. Department of Education encourages everyone to submit a ...
In cases in which a student qualifies for merit-based (rather than need-based) financial aid, the student and their family may pay less than the EFC. A well-to-do family's EFC may exceed the cost of attendance at a school, and in that case the student does not have financial need, as defined by the federal financial aid system.
Harvard University. Harvard promises that 100% of its students can graduate debt-free. "The Griffin Financial Aid Office provides need-based aid that allows us to bring the best students to ...