Over 30,000 students applied to USC for our merit based scholarship consideration. The method is highly competitive, and only 1,200 pupils will be considered for the scholarships. Students often think which they can’t afford USC without a scholarship, but that may not be true! I sat down with Danny Finlay, Assistant Director of Outreach for school funding, to shmoop.pro set the record straight and get additional information on how USC can be affordable.
Jessica: Students frequently confuse the difference between merit need and aid based aid. Could you explain the distinction?
Danny: Merit based help is cash awarded to a student based on a compelling admission application that demonstrates significant achievements. Scholarships are the type that is only of based aid, and are also not awarded by the Financial Aid Office. Need based aid is provided to students based solely on their family’s demonstrated need that is financial. Facets such as for instance good grades or test scores don’t play into awarding students need based aid.
J: What are the various types of Financial Aid?
D: There are some different types of need based aid- Loans, Grants, and Work-Study. Loans are levels of money that may need certainly to be compensated back to the government that is federal. A grant is definitely an award that doesn’t need to be paid back. Work-Study is a form of school funding that allows students » Read more