Resources made available to a student based on demonstrated need.
Financial aid granted based on financial need.
Assistance based on a means test, usually the standard assessment of need used in adjudicating eligibility for federal and provincial loans and grants. Need-based aid includes: government student loans and grants, bursaries, work study, and UBC loans.
Financial aid that considers a student's financial situation.
Financial aid that is based on financial need, rather than on merit.
Aid offered by colleges and the federal government to bridge the gap between college costs and the family's ability to pay as determined by the profile FFS, FAFSA, and/or the college Financial Aid Office. A typical aid package is divided into three parts: grant (gift money you do not pay back), loan, and work-study (campus job).
This kind of financial aid is given to students who are determined to be in financial need of assistance based on their income and assets and their families' income and assets, as well as some other factors.
Scholarships, loans or grants given to students who have demonstrated the need for financial assistance, generally based on FAFSA results.
Financial aid (scholarships, grants, loans, or work-study opportunities) given to students who have demonstrated financial need, calculated by subtracting the student's expected family contribution (EFC) from a college's total costs.
Financial aid awarded based solely on the financial situation of the student. Need-based aid eligibility is determined based on the FAFSA and sometimes additional financial aid forms required by a college.
Financial aid awards which are determined exclusively on the basis of financial need. All need-based awards are granted according to the analysis provided from the FAFSA calculation of student financial need.
Financial aid that relies upon financial need as the criterion for eligibility.