Need-based Aid

Short Definition

Need-based Aid is financial aid awarded to students based on their financial need.

In-depth Overview

Need-based Aid

Long definition: Need-based aid, also known as financial need-based aid, refers to financial assistance provided to students pursuing higher education based on their demonstrated financial need. This type of aid takes into account a student's or their family's financial situation and is awarded to help cover the costs of tuition, fees, books and other educational expenses. Need-based aid is typically determined through the Free Application for Federal Student Aid (FAFSA) in the United States and similar processes in other countries.

Etymology: The term "need-based aid" is derived from the concept of students having a financial need for assistance to afford their education.

Synonyms or related academic terms:

• Financial Need-Based Aid
• Need-Based Financial Aid

Examples of Use:

• Many students rely on need-based aid to make attending college or university more affordable.
• The amount of need-based aid a student receives depends on their family's income and assets.
• Completing the FAFSA is a crucial step in applying for need-based aid in the United States.

Translations:
Spanish: Ayuda basada en la necesidad
French: Aide basée sur les besoins
German: Bedarfsabhängige Unterstützung
Italian: Aiuto basato sul bisogno
Portuguese: Auxílio com base em necessidades
Japanese: 必要に応じた支援 (Hitsuyō ni ōjita shien)
Chinese (Simplified): 需要为基础的援助 (Xūyào wéi jīchǔ de yuánzhù)
Hindi: आवश्यकता-आधारित सहायता (Āvaśyakatā-ādhārita sahāyatā)

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unirank Glossary Classification

Miscellaneous higher education terms > University financial terms