Financial support for students based on demonstrated financial need
Need-based scholarships are financial awards given to students who demonstrate financial need. Unlike merit-based scholarships that focus on academic or extracurricular achievements, these scholarships prioritize students' economic circumstances.
Awarded based on demonstrated financial need through income verification and financial statements.
Designed to provide educational access to students from low-income backgrounds.
Many need-based scholarships are renewable each year as long as financial need persists.
Financial aid opportunities for students with demonstrated need
U.S. Department of Education
Federal grant for undergraduate students with exceptional financial need. Does not need to be repaid.
Horatio Alger Association
For students who have faced and overcome great obstacles in their lives. Financial need is required.
Jack Kent Cooke Foundation
One of the most generous scholarships in the nation for high-achieving students with financial need.
Various forms of financial assistance available to students based on demonstrated financial need
Financial aid that doesn't need to be repaid, typically based on financial need.
Merit or need-based awards that don't require repayment.
Part-time employment for students with financial need.
Government loans where interest is paid while in school.
Common requirements for need-based scholarship applications
Proof of income, tax returns, and financial statements demonstrating need.
Typically requires U.S. citizenship or eligible noncitizen status for federal aid.
Maintaining satisfactory academic progress as defined by the institution.
Free Application for Federal Student Aid is required for most need-based programs.
Many need-based programs have limited funds, so early applications have better chances.
Look beyond federal aid to institutional and private need-based scholarships.
Ensure all required financial documents and forms are accurately completed.
Contact financial aid offices for guidance on need-based aid opportunities.
Additional scholarships and grants for students with financial need
Coca-Cola Foundation
Based on academic achievement, leadership, and service, with consideration of financial need.
Jeannette Rankin Foundation
For low-income women ages 35 and older pursuing technical education or first bachelor's degree.