Question

Define need-based aid.

Answer 1

Need-based aid is a type of financial aid offered by the federal government to students whose parents have limited assets to pay for college. Independent students may also qualify for need-based aid if they are unemployed or have few assets.

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Answer 2

Answer: Need-based aid is financial aid that you can receive if you have financial need and meet other eligibility criteria. You can't receive more need-based aid than the amount of your financial need.

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