Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 345 Merit-based financial aid – Merit-based financial aid is given to students whohaveoutstandingabilities,talents,and/orachievements. Whenawarding merit-based aid (scholarships), the family’s financial situation is not taken into consideration. The award is based entirely on the student’s merit. Colleges give merit-based awards to encourage outstanding students to at- tend their school. Organizations and corporations award merit-based aid as a way to recognize outstanding achievement. Need and merit-based financial aid – Some financial aid awards take both need and merit into con- sideration. For example, a scholarship may require that an applicant have financial need and a certain grade point average. The organization or college making the award determines to what extent an award is need-based or merit-based. FAFSA (Free Application for Federal Student Aid) Students and parents must complete a FAFSA in order to be eligible to receiveanyfinancialaidprovidedbythefederalgovernment. Statesand colleges also use information from the FAFSA to determine eligibility for state and institutional aid. Because need-based financial aid is awarded to students whose families can- not afford to pay for college, having a fair and objective way to determine how much a family can afford is very important. The FAFSA is the federal form that’s used to determine the amount a family should be able to pay for one year of college. Parents should complete the FAFSA even if they think they’re not eligible for need-based aid. They may find that they are indeed eligible, and some programs want documentation showing that a student isn’t eligible for need-based aid, before they award their merit-based aid. It doesn’t matter how many schools a student is applying to, parents and students only need to complete one FAFSA. Form Your Future is a program designed to help students and parents complete the FAFSA. For information, go to www.formyourfuture.org.