Merit Based Scholarships & Grants | William Peace University (2023)

Scholarships and awards are one way to pay for college. Unlike loans, scholarships and awards do not have to be repaid.

There are two main types of scholarships: those offered to you from William Peace University (WPU) and outside scholarships (click to jump to that section).

WPU Scholarships

All first-year and transfer students who are accepted for admission at William Peace University will be considered for merit-based scholarships and grants — without further action required.* These scholarships are renewable each year if you maintain a designated minimum grade point average.

Qualified students are awarded grants or Merit Scholarships of $4,000 to $17,000 every year:

  • Presidential Scholarship – $17,000 — GPA 3.5+ or ACT 26+ or SAT 1230+
  • William Peace Scholarship – $16,000 — GPA 3.0-3.49 or ACT 20-25 or SAT 1030-1229
  • Pacer Scholarship – $10,000 — GPA 2.5-2.99 or ACT 18-19 or SAT 960-1029
  • Access Scholarship – $10,000 – GPA <2.5


Adult and professional students (School of Professional Studies) are not eligible for institutional aid.

*Except the Honors and Theatre Scholarships, which require additional application materials.

Merit Based Scholarships & Grants | William Peace University (1)

Other WPU Scholarships

In addition to the WPU Merit Scholarships, you may qualify for additional WPU scholarship or grant funding.

  • Wake Tech Transfer Scholarship

    The William Peace Pathways scholarship is specific to transfer students from Wake Tech Community College and who have earned their Associated degree from WTCC. Students must have maintained a GPA of 3.0 or higher to be eligible. This scholarship is renewable each year pending good academic standing. Nearly all graduates from WTCC who transfer to WPU receive some form of merit-based scholarship and are consistently high achievers during their Pacer experience. Students earning an AA/AS from Wake Tech Community College will be considered for this award after applying to WPU and upon completion of the FAFSA.

  • WPU Transfer Scholarship

    Students who transfer into William Peace University may also be eligible for merit-based scholarships. Students who meet the requirements of the WPU Transfer Scholarship can earn between $10,000 to $16,000. These scholarships are awarded on the basis of the number of transferable credits earned at an accredited college or university and on the cumulative grade point average earned at each institution attended. The scholarships are renewable for up to two additional years, provided recipients maintain Satisfactory Academic Progress with Financial Aid.

  • Community Service and Leadership Scholarships

    At William Peace University, our student body is filled with future leaders, community advocates, and world-changers. These students discover their passions and career paths on campus and contribute endlessly to the WPU community.

    WPU offers a scholarship to recognize Pacers who exemplify these qualities. There are a limited number of rewards for this competitive scholarship opportunity. Upon admittance, select students will be nominated by WPU Admissions Counselors and awarded the Community Service and Leadership Scholarships, from $250 – $1,500 per year. This scholarship is renewable each year pending strong academic standing.

    How to be considered?Contact yourAdmissions Counselor who can make the recommendation.

    What you’ll need to do:Your Admissions Counselor will work with you to upload a personal statement (video or written or both!) and/or resume that showcases your community service and/or leadership experience. Share with us information about the club you lead, the mission trip you went on, the local project you organized – we want to hear all about it!

  • Honors Scholarship

    Students accepted into the Honors Program are awarded a $1,000 scholarship. In order to qualify, students must be accepted into the University before April 1. All first-year students with 3.7+ Weighted GPA are eligible to apply. Honors Applications take a look at GPA, SAT/ACT, short answers and essays.

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    Note: Unlike other WPU scholarships, the honors scholarship may require additional information. Students may be required to interview with the honors committee. Honors scholarships are renewable for an additional three years of study at William Peace University provided recipients actively work toward completion of the Honors Program curriculum and maintain a “B” average (3.00).

  • Phi Theta Kappa Honor Scholarship

    WPU would like to congratulate and honor those students who have demonstrated high academic achievements at the two-year/community college level and who will continue their education at WPU. If you are or were a past member ofPhiThetaKappa, simply send in your proof of membership to your admissions counselor and WPU will grant an additional $2,000 PTK scholarship along with your merit scholarship.

  • Theater Scholarship

    Students who are interested in pursuing a degree in Fine Arts at William Peace University are eligible for an additional scholarship. Students must interview and audition with the respective department. Students must meet the minimum requirement for admission and must be a first year applicant to William Peace University. This scholarship is renewable at the discretion of the Department Chair of the B.F.A program.

  • Sibling Grant

    Siblings who are simultaneously enrolled in the day program at WPU, each receive a $500 per semester grant. Students may apply to have the grant renewed each year both siblings are enrolled at WPU. Students must alert the Office of Financial Aid of their eligibility.

  • COVID-19 Related Support | HEERF /CARES Act

    William Peace University is pleased to offer students the opportunity to receive financial assistance through the Higher Education Emergency Relief Funds, as part of the CARES Act. WPU is using an application for all emergency grants, found by clicking here. Students are receiving grants for COVID-19 related expenses incurred for Cost of Attendance items, which include transportation, technology, room, board, and personal expenses. William Peace University is sending correspondence to each recipient, via email, indicating that the funds will be available within 10 business days either by direct deposit or check. Instructions for direct deposit set up are included in the correspondence. Read Story related to HERF

Important Notice

There are limited funds for the above-listed scholarships. All awards cannot exceed tuition and are determined by the appointed committee. The Board of Trustees can change these limitations at any time. Students must maintain certain standards for renewability. It’s the student’s responsibility to know what those standards are and to maintain them at all times during the awarded time of the scholarship and/or grants.

Your financial aid award is subject to revision upon final verification of credits transferred into the program along with the number of hours enrolled and successfully completed each semester/term. Your award may be reduced based on final funding by the award agencies (NC General Assembly, US Department of Education, etc.). Students are required to make consistent progress toward the completion of their degree to remain eligible for certain financial aid programs. Students may also be required to submit additional documentation to verify the information submitted on the FAFSA.

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How Do I Apply for Financial Aid?

A quality private education doesn’t have to break the bank. It doesn’t have to be difficult either. That’s why nearly 100% of our students are awarded some type of financial aid. We make it easy for you and your family.

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Learn How to Apply for Financial Aid

Keep reading for more information on outside scholarships.

Outside Scholarships

Outside scholarships are funds awarded by entities outside of the federal, state, and institutional aid programs. Outside scholarships are one more option to pay for school without borrowing loans.

iGradMerit Based Scholarships & Grants | William Peace University (2)

William Peace University has launched a partnership with iGrad to curate a personalized scholarship list just for you! To set up your personalized scholarship search:

  • Login at with your WPU ID and password.
  • Answer questions that will match you to eligible, outside scholarship opportunities.
  • Get tips and tools to improve your scholarship search.

Where to Look for Scholarships

  • High school guidance counselors
  • Local businesses, churches, community service organizations
  • Employers and associations

How to Avoid Scholarship Scams

  • Watch closely anything that requires a fee
  • Avoid giving non-relevant personal information
  • Be wary of any “Guaranteed” scholarships or “Free” seminars with an up-sell
  • Never give out bank/credit card account numbers!
  • Avoid interviews in hotels or restaurants
  • If it’s too good to be true – it probably is
  • Outside Scholarship Opportunities

    Outside Scholarship Opportunities

    This is by no means an all-inclusive list of resources. You can find many more scholarship opportunities by using a scholarship search website, such as:

    Please Note: All scholarships were valid when posted. The Office of Financial Aid at William Peace University provides external scholarship information as a courtesy. The above lists are provided to you as a reference tool. They should not be construed as an endorsement by William Peace University of any of the organizations listed.

  • Important: If You Get an Outside Scholarship

    Federal regulations require that these scholarships be incorporated into a student’s financial aid award. That means if you receive an outside scholarship, you must report it to William Peace University so our team can factor it into your full financial aid package. An outside scholarship is first applied to the self-help portion of the student’s award (Federal Work-Study or need-based loans) prior to reducing WPU scholarships and grants.

    After all of the self-help portion of the award has been replaced, WPU scholarships and grants may be reduced, dollar for dollar, for any remaining amount.

    How to Report Outside Scholarships

    (Video) University of British Columbia Scholarship. Apply by Yourself.2022-2023.

    Students must notify the Financial Aid office of all outside awards received, including awards paid directly to you. Please report your outside scholarships to our office using our online Scholarship Reporting Form and include a copy of any correspondence (e.g., letter or email) from the scholarship donor if available.

    How to Receive Outside Scholarship Funds
    Scholarship agencies should send students’ outside scholarship payments directly to WPU Student Accounts. The scholarship check should be made payable to William Peace University so that funds may be credited directly to the student’s university bill. The student’s full name and Student ID number should be included in the memo section of the check.

    Checks made payable to the student or co-payable to the student and WPU must be signed by the student prior to submitting the scholarship check to our office.

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Should I answer yes to need based financial aid? ›

Please indicate “yes” to the question on the Common App regarding “need based aid” – there is no impact on your admissions- we refer to this as “need blind admissions”. WHEN to Apply for Financial Aid?

What is a good GPA for merit scholarship? ›

Although a strong GPA helps increase your chances of getting a full-ride scholarship, you don't need a perfect 4.0 to be qualified. In fact, GPA requirements are most commonly set at a 3.0 average, with what's considered to be a "good GPA" typically being a score between 3.5 and 3.8.

How rare are merit scholarships? ›

7% or 1 in 8 students are likely to receive a scholarship. Only 0.2% of students receive upwards of $25,000 in scholarships. 5% of students in bachelor programs got enough of scholarships to cover 100% of costs. 7% received enough to cover 90% of costs.

Do I need to fill out FAFSA for merit based scholarships? ›

Most schools don't require students to fill out the FAFSA to qualify for merit scholarships. However, this is not standard practice. Scholarship policies vary from one college to another. Some colleges may not offer merit aid to students who have not filled out the FAFSA.

How do I negotiate for more merit aid? ›

How to Ask for More Merit Scholarship Money
  1. Review the School's Appeal Process. You can learn more about the financial aid appeal process by visiting your school's website. ...
  2. Put It in Writing. Contact your school's admissions office and complete the necessary paperwork. ...
  3. Provide Documentation. ...
  4. Follow Up.

How competitive are merit scholarships? ›

The most prestigious—and therefore most competitive—merit-based scholarships recognize students who excel in multiple areas. These programs generally provide the most generous financial awards. Additionally, some merit scholarships honor exceptional students who also demonstrate significant financial need.

Should I accept all of my financial aid? ›

Accept Your Financial Aid

It's important to know that you're under no obligation to accept all the federal student loan money that's made available to you. You can accept all, some or none of the federal student loans you're offered.

What happens if you accept financial aid but don't use it? ›

Any money left over is paid to you directly for other education expenses. If you get your loan money, but then you realize that you don't need the money after all, you may cancel all or part of your loan within 120 days of receiving it and no interest or fees will be charged.

Can you get a full ride with a 3.5 GPA? ›

With a 3.5 GPA, you might be eligible for a full-ride scholarship. However, it's important to note that there is no such thing as a free lunch. If you receive a full-ride scholarship, that means you'll need to maintain your GPA in order to keep receiving funding.

Is a merit scholarship a big deal? ›

Gaining recognition as a National Merit Semifinalist is a prestigious achievement to include on college applications, and many colleges and corporate sponsors offer special scholarships to these students, even if they don't become finalists.

Can I get a full ride with a 3.2 GPA? ›

You're eligible for a large number of scholarships with a 3.2 GPA. While some may require a 3.5 GPA or higher, the majority require a 3.0 as their minimum. Apply for plenty of scholarships prior to (and during) college to save some money on tuition!

What school gives the most merit aid? ›

Most Students Receiving Merit Aid
SchoolLocationPercent of students receiving non-need based aid
University of DenverDenver, CO50%
The New SchoolNew York, NY49%
University of South CarolinaColumbia, SC49%
Hillsdale CollegeHillsdale, MI48%
17 more rows

How can I increase my chances of getting a scholarship? ›

  1. Raise Your GPA for More Scholarships. Many scholarships have requirements surrounding GPA levels. ...
  2. Raise Your ACT / SAT Score. ...
  3. Raise Your Class Rank. ...
  4. File the FAFSA. ...
  5. Participate in Community Service. ...
  6. Brush Up on Your Essay Skills.
Dec 22, 2022

What is the easiest type of scholarship to get? ›

Some colleges, especially private schools, automatically consider each applicant for a merit-based scholarship, which is awarded during the acceptance process. These types of scholarships are often the easiest to obtain, since they do not require a separate application.

How much income is too much for FAFSA? ›

There is no set income limit for eligibility to qualify for financial aid through. You'll need to fill out the FAFSA every year to see what you qualify for at your college. It's important to make sure you fill out the FAFSA as quickly as possible once it opens on October 1st for the following school year.

What do merit scholarships look for? ›

A merit-based scholarship awards money for college to applicants who demonstrate high achievement and accolades. Merit awards may be available for students who rank highly in grade point average (GPA), standardized test scores, extracurricular recognition, athletic performance, leadership involvement or community work.

What does it mean if a scholarship is merit-based? ›

Merit-based aid goes to students based on their academic and/or extracurricular achievements rather than their financial need. Scholarships are the most common type of merit-based aid. Students may receive scholarships from nonprofit organizations, private businesses, and colleges and universities.

How much should I ask for merit increase? ›

Asking for a raise can be the best way to obtain the compensation you deserve if your job duties have changed significantly or if your performance merits a boost. Standard pay increases range from 3% (average) to 5% (exceptional). Asking for a 10% to 20% increase, depending on the reason, is a way to open negotiations.

Can you counter a merit raise? ›

What you can and should do is re-anchor by making a counter-offer, giving your employer a compelling reason to either accept it or counter it with something less than 25% but more than 7%. In response to that counter, feel free to counter again.

How do I ask for a full ride scholarship? ›

Full-ride academic scholarship: Be at the top of your class with a great GPA, take AP/honors classes, and get perfect (or close to perfect) SAT or ACT scores. Along with academic merit, it also helps to also have leadership skills or community involvement, too (see below).

How does FAFSA affect merit scholarships? ›

The short answer is that, in most cases, a scholarship won't affect the financial aid offered by a college. Instead, it will help to cover costs not already paid for by financial aid, and is therefore of great benefit to the student.

How much money is awarded to students based on merit? ›

A good student, not necessarily a straight A student, can expect to receive between $10,000 to $20,000 in merit money from less competitive private colleges. Private colleges may award minimal amounts of up to $5,000 to weaker students who can afford to pay the full cost of tuition.

Can you negotiate merit scholarships? ›

Don't be afraid to negotiate.

You can always negotiate your merit aid package. If you are accepted to multiple schools, and your first choice is more expensive than your second choice, call the school to negotiate.

What is a good amount of financial aid? ›

Financial aid recieved
Type of AidAverage Amount90th Percentile
Total Federal Student Aid$9,010 (dependent) $8,070 (independent)$18,275 (dependent) $16,275 (independent)
Total Federal Grants$4,150 (dependent) $3,580 (independent)$5,999 (dependent) $5,775 (independent)

What happens if you make too much money for financial aid? ›

If you think you or your parents make too much to file the Free Application for Federal Student Aid (FAFSA), you're wrong. There are no income limits on the FAFSA. Instead, your eligibility for federal student aid depends on how much your college costs and what your family should contribute.

What counts against you for financial aid? ›

Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) all could be considered in the formula. Also considered are your family size and the number of family members who will attend college or career school during the year.

What disqualifies you from getting FAFSA? ›

Incarceration, misdemeanors, arrests, and more serious crimes can all affect a student's aid. Smaller offenses won't necessarily cut off a student from all aid, but it will limit the programs they qualify for as well as the amount of aid they could receive. Larger offenses can disqualify a student entirely.

What is the 150 rule for financial aid? ›

Financial Aid recipients will be terminated upon reaching 150 percent of the number of credits needed to complete their degree, diploma or certificate program. This regulation applies to all students, including those that have not previously received financial aid.

Why would someone be denied financial aid? ›

Unfortunately, it's common for would-be borrowers to be denied loans, and there are a number of factors that could lead to loan denial. Your credit history, current credit score, insufficient application information, or a whole host of other issues could cause you to be rejected for a loan.

What happens if you get a scholarship and don t go to college? ›

Many times if the student has not enrolled in classes during those 12 months, it expires. In almost all cases, scholarships are put directly towards your college's tuition and expenses, rather than a check sent to you. If you choose not to go to school, it will not be put in a savings account for later use.

Is a 3.5 GPA respectable? ›

Is a 3.5 GPA Good? As a top-letter grade, a B+ or A- is considered "good." A 3.5 GPA means that a student consistently performs well on homework, tests, and projects in every subject, making it a desirable GPA across the board.

What ACT score is needed for full ride scholarships? ›

Shoot for at least a 28 on the ACT or above 1300 on the SAT. Some scholarships allow for flexibility, so check the particular scholarship, but these numbers generally give you the most options. Encourage your student to also pursue a high GPA or even 4.0, especially their senior year.

What is the difference between merit scholarships and scholarships? ›

Need-based scholarships are awarded based on financial need. They are eligible for each year of college enrollment. By contrast, scholarships based on merit are granted to students who illustrate academic or athletic achievement, along with a range of other talents and criteria.

Do colleges care if you are a National Merit Scholar? ›

Many colleges consider SAT or ACT scores or other credentials in awarding merit aid. Many also target scholarships to National Merit winners, finalists or even semifinalists.

Does a 1400 PSAT qualify for National Merit? ›

Practically speaking, this means that anyone who qualifies as a National Merit Scholarship semifinalist (PSAT scores of 1400/1520 and up, depending on the state of residence) should be able to easily achieve a confirming score (SAT scores as low as 1320/1600, and ACT scores as low as 26/36), especially given multiple ...

Can I raise my GPA from 3.2 to 3.7 in two years? ›

Yes! Take more classes to raise your average, and take duel credit and/or AP classes if your school gives GPA bumps for taking these classes. In the end, just work on getting great grades in many classes.

What is the lowest GPA to get a scholarship? ›

Some scholarship committees only consider applicants whose GPA meets a certain threshold. Minimum requirements range from around 2.0 on the lower end to 3.75 or higher for competitive academic scholarships. Generally speaking, a 3.0 GPA or higher will give you a decent shot at qualifying for a variety of scholarships.

Can I get a full ride with a 3.7 GPA? ›

Community colleges, four-year universities, and other academic institutions typically offer the best scholarships to students with a 3.7 GPA or higher.

Can I negotiate college tuition? ›

Is College Tuition Negotiable? While it's not widely advertised by schools, the short answer is yes, it's possible to work with a college or university to get a better deal on tuition, fees, and other costs of attendance. This is something you may be able to do whether enrolling in a public or private university.

Which university in USA gives the most scholarship? ›

It offers financial aid to international students based on their financial needs. It's considered one of the best universities in the USA for international students seeking scholarships. The Harvard University Scholarship can cover tuition, room and board, and other expenses.

Who is most likely to get a scholarship? ›

Over 33% of private scholarships are provided to STEM students. The chances of a white student getting a scholarship are 14.2%, while the odds for minority students are 11.2%. What is this? The odds of a Black student winning a scholarship is 11.4%, 9.1% for Hispanic students, and 10.5% for Asian students.

How do you impress scholarship judges? ›

Service and volunteer work are outstanding qualities applicants should highlight when applying for a scholarship. Your selflessness is a value the committee will appreciate. Creativity reflects your ability to captative. Remember, judges are reviewing many applications.

What is the best time to apply for scholarships? ›

Springtime actually tends to be one of the more popular seasons for scholarship deadlines, and they can happen anywhere between January and May. Spring break also presents students with the perfect opportunity to complete quite a few applications.

What are the two most common scholarships? ›

Common types of scholarships for college are merit-based scholarships, need-based scholarships, and athletic scholarships.

What is the hardest type of scholarship to get? ›

Top 10 Hardest Scholarships to Get
  • Rhodes Scholarship.
  • Fullbright Scholarship.
  • Gates Cambridge Scholarship.
  • Princeton Scholarship.
  • Mitchell Scholarship.
  • Churchill Scholarship.
  • Marshall Scholarship.
  • Jardine Scholarship.
Sep 23, 2020

How do you find scholarships that almost nobody knows about? ›

Talk to your high school counselor. Use the Department of Labor's scholarship search tool to sort more than 8,000 opportunities for student aid. Inquire at the financial aid office at your college of choice. See if your employer or your parents' employers offer assistance.

Will I get financial aid if my parents make over $200 K? ›

The good news is that the Department of Education doesn't have an official income cutoff to qualify for federal financial aid. So, even if you think your parents' income is too high, it's still worth applying (plus, it's free to apply).

Does FAFSA check your bank account? ›

Students selected for verification of their FAFSA form may wonder, “Does FAFSA check your bank accounts?” FAFSA does not directly view the student's or parent's bank accounts.

Does FAFSA check income? ›

In most cases, the FAFSA uses the IRS Data Retrieval Tool to populate your adjusted gross income. However, if you entered it on your own without the tool, you may be asked to submit copies of your tax returns or W-2 forms.

Do I need to fill out fafsa for merit based scholarships? ›

Most schools don't require students to fill out the FAFSA to qualify for merit scholarships. However, this is not standard practice. Scholarship policies vary from one college to another. Some colleges may not offer merit aid to students who have not filled out the FAFSA.

Is 5% a good merit raise? ›

What's considered a reasonable raise typically depends on the perception of the person receiving it. Companies typically offer employees a 3-5% pay increase on average.

Can I negotiate my merit increase? ›

Asking for a raise can be the best way to obtain the compensation you deserve if your job duties have changed significantly or if your performance merits a boost. Standard pay increases range from 3% (average) to 5% (exceptional). Asking for a 10% to 20% increase, depending on the reason, is a way to open negotiations.

Is 2% a good merit increase? ›

The amount of a merit increase can vary widely based on the company giving it and the employee receiving it. It is standard for companies who take good care of their employees to award top performers with an increase in the neighborhood of 3% to 5% on an annual basis.

Is a 10% merit raise good? ›

A 10% raise is well above average, but it might not be unreasonable. Depending on how long you've been with the company and when you last received a raise, you might be entitled to far more compensation than you're currently receiving.

How to increase the chances of getting a full ride scholarship? ›

With that in mind, there are a few ways to increase the likelihood of earning a full-ride.
  1. Start Preparing Early.
  2. Strive For Academic Excellence.
  3. Choose Challenging Courses.
  4. Develop & Hone Your Leadership Skills.
  5. Participate In Extracurricular Activities.
  6. Get Involved In Your Community.
  7. Build Relationships With Your Mentors.
Dec 22, 2022

Can you ask for more merit scholarship money? ›

Answer: Yes, you can absolutely ask a college for more merit aid. In fact, many of your peers will do so. And since this type of aid is given on a first-come, first-served basis, you will want to submit your request as soon as possible.

Do scholarships count against FAFSA? ›

Most financial aid offices will do their best to allow the student to keep all financial aid and scholarships that have been offered, so that a scholarship doesn't negatively affect the financial aid package.

Do merit scholarships come with acceptance letters? ›

Students normally receive a separate letter explaining a merit scholarship and the amount they will receive over the four years of college.

What is a full merit scholarship? ›

A merit-based scholarship is based entirely on personal achievement. Whether you're eligible has nothing to do with your financial situation. On the other hand, need-based scholarships are for students who need financial support for college and have a FAFSA that demonstrates that need.

How do you counter offer a merit increase? ›

Thank your boss for the salary bump and recognition they've already given you, and then explain why you believe the number should be reconsidered. Share your big accomplishments, as well as the salary data you've gathered, to back up why you would like your manager to reconsider your raise.

What does it mean to pursue need-based financial aid? ›

The term “need-based” is a designation that is based on a student's financial need. For example, a need-based grant might be awarded based on a student's low income.

What is the difference between financial aid and need-based? ›

For need-based financial aid, the federal government determines whether or not you need help paying for college based on your family's financial situation. By contrast, non-need-based financial aid is meant to assist you financially no matter how much money your family earns.

What do you say when you need financial aid? ›

Justify why you are seeking aid.

Explain the difficulties you are having meeting your needs. Describe changes in your life that have affected your ability to pay for college. For example, changes in your family's income or unexpected expenses may have caused a financial deficit.

What is the difference between FAFSA and need-based financial aid? ›

You must submit the Free Application for Federal Student Aid, also known as the FAFSA, to determine your family's eligibility for need-based financial aid. The information you include on the FAFSA is used to calculate your expected family contribution, which will factor into your award.

Does merit scholarship affect financial aid? ›

A scholarship will affect your other student aid because all your student aid added together can't be more than your cost of attendance at your college or career school.

What is the difference between need-based and merit-based scholarships? ›

Merit-based aid offers financial support based on a student's academic achievements. Need-based aid provides funds for students based on their level of financial need. Students may receive both types of aid to fund their postsecondary studies.

What are the financial circumstances that make you eligible for a need-based grant? ›

Factors that help determine your eligibility for need-based grant money: Number of dependent family members. Number of family members who are attending college or pursuing otherforms of postsecondary education. Expected family contribution (EFC) as determined by FAFSA data.

Is need based financial aid the same as Pell Grant? ›

The FAFSA is the form you fill out, and the Pell Grant is one of the ways to receive aid while you attend school. Pell Grant funds are typically offered to undergraduate students who demonstrate financial need. The FAFSA helps a student show the government and the school that they have a need.

Which type of financial aid is not need based? ›

Non-need based financial aid includes Direct Unsubsidized Stafford Loans, Graduate PLUS Loans, Parent PLUS Loans, and the Teacher Education Access for College and Higher Education (TEACH) Grant.

Are student loans need based aid? ›

Need-based: Aid that is need-based is awarded to students who are determined to have financial need; that is, the amount they are able to pay for college is less than the cost of attending the college. The federal government offers need-based loans to students.

What is a good reason to apply for financial aid? ›

Some of the possible reasons include: A parent losing a job or reduction of income. Unexpected medical expenses. Death of a parent.

How do you explain financial hardship for scholarships? ›

Briefly Describe your Financial Need for this Scholarship

I am in need of financial assistance in order to attend college because I am a low-income student. I am the 1st child to attend the college. Although my parents gave me many supports, I received a limited financial assistance due to low family income.

Should I empty my bank account for FAFSA? ›

Empty Your Accounts

If you have college cash stashed in a checking or savings account in your name, get it out—immediately. For every dollar stored in an account held in a student's name (excluding 529 accounts), the government will subtract 50 cents from your financial aid package.

What are three types of financial aid you can get through FAFSA? ›

Apply for federal student aid—grants, work-study, and loans—using the Free Application for Federal Student Aid (FAFSA®) form.

Does FAFSA give you more than you need? ›

The amount of money you can get by filing the Free Application for Federal Student Aid (FAFSA) depends on your financial need. But, the maximum amount can be in the low tens of thousands of dollars per year. Average amounts are about $9,000, with less than half of that in the form of grants.


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Name: Jamar Nader

Birthday: 1995-02-28

Address: Apt. 536 6162 Reichel Greens, Port Zackaryside, CT 22682-9804

Phone: +9958384818317

Job: IT Representative

Hobby: Scrapbooking, Hiking, Hunting, Kite flying, Blacksmithing, Video gaming, Foraging

Introduction: My name is Jamar Nader, I am a fine, shiny, colorful, bright, nice, perfect, curious person who loves writing and wants to share my knowledge and understanding with you.