This Zinch post features guest blogger Carol Barash, Ph.D., the founder and CEO of Story To College. A global education company that teaches courses in schools and online, Story To College has empowered over 5,600 students to complete successful college application essays and get admitted to their top choice colleges.
There are two types of financial aid. Need-based financial aid is calculated on the student’s and their family’s income. Merit aid is based on a variety of other criteria—including exceptional talent in academics or the arts, or a strong fit with a college’s core programs. Most merit scholarships come from the college itself, not the federal government, and they are always in the form of grants (not loans).
Although the premise of merit aid is simple, it remains a mysterious part of the financial aid process. Here are a few things to remember about merit aid:
>>> Read the full article at More Than A Test Score here.