The study of human needs was at its height in the 1950s, but nowadays, it receives less attention. Richard Sennett, for example, focused on the importance of respect in human relationships. Other psychological theories about human needs aren’t always compatible with the needs of different cultures or parts of society. But the Doyal/Gough Theory and the self-determination theory are both compatible with the notion of human needs and costs. When the need isn’t met, a person’s performance suffers.
Need-aware schools are generally more diverse, so they may be better suited for students who have fewer financial resources. While it’s true that a school’s admission decision is largely based on merit, it may still reject an applicant who can’t pay for the full tuition. So to avoid getting rejected because of your financial situation, it’s best to focus on your academics and extracurriculars. Top students may qualify for additional scholarships and financial aid.
When applying for need-based financial aid, students must complete the FAFSA. The FAFSA enables institutions to determine the financial responsibility of students. By comparing the cost of attendance with a student’s expected family contribution (EFC), need is calculated. When the student’s COA minus EFC is equal to zero, the student has a 100% need. Any remaining need, after the federal government has provided some aid, is considered unmet need.
The financial need statement is the most common component of a college scholarship essay. Scholarship providers want to know about a student’s financial needs and the gap between the student’s income and the amount they need to afford college. They want to understand where the student’s family’s income falls and how the financial need scholarship can help them achieve it. If the applicant can articulate a specific financial gap and demonstrate how the award will help them achieve their career or academic goals, they’re in good standing.
Need-blind colleges provide quality education at low cost. These institutions tend to be more diverse than their non-need-blind counterparts and provide equal opportunity to students based on academics and merit. A need-blind college can be a good choice for international students. There are only five need-blind colleges in the US, and one-third of those are open to international students. They’re not the only option – and you’ll have to prove your financial need to get accepted.
Merit-based aid is more difficult to obtain and requires a higher standard of performance. It’s also important to note that some colleges and universities award both types of financial aid, but only a select few provide both types. Merit-based aid tends to be awarded to students who show merit and academic ability. Most students receive some form of need-based and merit-based financial aid each year. There are many other funding opportunities available for college students.