A need is a dissatisfaction at a certain time or in a certain context. In contrast to a want, a need is clearly defined, and its deficiency results in a clear negative outcome. In extreme cases, a lack of a need may result in death or a dysfunctional lifestyle. Listed below are some examples of needs. And the most common types of needs are:
Basic needs like survival, respect, and safety can be thought of as psychological “needs,” whereas higher-order needs are based on specific contexts. Hence, it is important to tailor the hierarchy of needs to each particular situation, and to make sure that people are able to meet those needs. Although the concept of need has a strong intuitive appeal, it is a complex topic to operationalize experimentally. In this article, we will focus on some common types of needs and how they are met.
Financial need is often determined through a Free Application for Federal Student Aid (FAFSA). In addition to need-based scholarships, need-based grants are also available. Federal Pell Grants are an example of need-based student aid. These grants are awarded to students from families that earn less than $20,000 or $50,000 per year. The amount of financial aid a student can qualify for is dependent on the FAFSA, which is completed by both parents and students.
Colleges that are need-aware often have a diverse student body. These institutions consider financial need when deciding whether to accept a student. However, these institutions may still reject a student who cannot pay the full tuition. The best way to increase your chances of getting into a need-aware school is to emphasize your academic achievements and extracurricular activities. A need-aware college might be the best option for you, but it is important to remember that financial need doesn’t matter if you’re financially capable.
Colleges that are need-blind are those where financial need is not considered in the admissions process. Students who demonstrate financial need are eligible for need-based aid, but need-aware schools require a student to prove they have the means to pay the tuition. Although need-blind schools don’t offer full-tuition aid, they do provide loans that supplement tuition costs. In the US, there are only five need-blind schools for international students.
Those students who can’t afford to pay the full tuition will have to turn down the college admission offer. Regardless of the cost of attending a need-blind college, students should realize that they must contribute financially to their education. This financial contribution will be determined by an assessment of the family income and other resources. It may require taking out a loan, working on campus, or receiving scholarships to cover the difference. But in the end, this will be the best option for a student who can’t afford to pay the difference.
While self-actualization is one of the most challenging needs to target, it can still be an effective motivator for consumers. For example, the language-learning app Duolingo uses the self-actualization need to encourage its users to make every day count. Understanding these differences between wants and needs can strengthen marketing campaigns. It’s important to remember that the needs of consumers are different, and you need to make sure you address their unique needs before creating the next product or service.