Examlex
Which of the following statements is true?
Financial Need
The gap between the cost of attending a school and the family's ability to pay, often considered in financial aid decisions.
Merit Scholarships
Financial awards for students based on their academic achievements, talents, or other abilities, rather than financial need.
Financial Need
The difference between the cost of attending a school and the family's ability to pay, often considered for determining financial aid eligibility.
Scholarship
Financial support awarded to a student based on academic achievement or other criteria to help pay for education expenses.
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