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Scholarships may have a financial need component but rely on other criteria as well. Some private need-based awards are confusingly called scholarships and require the results of a FAFSA (the family's EFC). However, scholarships are often merit-based, while grants tend to be need-based. Some examples of grants commonly applied for in the U.S.:
A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
Students must have at least a 2.4 GPA, must complete a college readiness program in high school and be eligible for the federal Pell Grant for their first year of college. Barry Goldwater Scholarship.
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
If a student is considered to be a vulnerable student, a bursary of up to £1,200 is available depending on circumstances. [3] Many colleges will ask students to make a bursary application online. Other colleges will require a paper application form. Evidence to support an application will always be required.
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