Subscribe in a reader06.12.09 | What actually is “financial need”?
Financial need is defined as the difference between your EFC and your college’s cost of attendence (which can include living expenses), as determined by the college.
If you or your family have unusual circumstances that should be taken into account, contact your college’s financial aid office as you may qualify for a professional override.
Some examples of unusual circumstance are: unusual medical or dental expenses or a large change in income from last year to this year.
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What are some defining characteristics of financial need?
I am a high school student looking through colleges and as I was looking through one college in particular, specifically their scholarships, I noticed that most, if not all of the scholarships ended in “who demonstrates financial need.” What do they mean by this? Does financial need mean anyone who can prove that they need a scholarship to afford this give or take? Thanks.
June 17th, 2009 | #