What is the difference between need-based and merit-based scholarships?
Need-based scholarships are awarded based on a student's financial need, while merit-based scholarships are awarded based on academic or other achievements.
Can you give examples of each type?
Sure! An example of a need-based scholarship is the Pell Grant, while a merit-based scholarship could be the National Merit Scholarship.
Which one is more common?
It varies by institution, but need-based scholarships tend to be more common in public universities, while private institutions often offer more merit-based scholarships.
How do I apply for these scholarships?
To apply for need-based scholarships, you typically need to fill out the FAFSA. For merit-based scholarships, you may need to submit additional applications or essays.
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