How do 'full needs met' colleges work?

I've been hearing about colleges that meet 100% of students' demonstrated financial need. How do they determine this, and are there any strings attached? Can anyone name a few schools like this?

"Full needs met" colleges determine your financial need based on the information provided in your financial aid application, such as the FAFSA or CSS Profile (depending on the college's requirements). The college calculates your Expected Family Contribution and compares it to the total cost of attendance (tuition, room and board, fees, books, etc.). The difference between these two amounts is your demonstrated financial need.

Colleges that meet 100% of your demonstrated financial need will then create a financial aid package that typically includes grants, scholarships, work-study opportunities, and loans to cover the full amount of your need.

There are no strings attached, per se, but keep in mind that financial aid packages can vary widely from school to school. Some colleges might offer more grants and scholarships (which don't have to be repaid), while others might rely more heavily on loans (which do have to be repaid). Additionally, you may have to maintain a certain GPA or meet other requirements to maintain your financial aid package.

Many prestigious colleges and universities offer full needs met policies. Some examples include:

- Amherst College

- Harvard University

- Massachusetts Institute of Technology

- Pomona College

- Stanford University

- Yale University

For a more exhaustive list, check out this CollegeVine article: https://blog.collegevine.com/schools-that-meet-100-percent-financial-need

Keep in mind that applying to multiple schools with generous financial aid policies can increase your chances of receiving a favorable aid package. Make sure to pay close attention to each college's requirements and deadlines for financial aid applications to ensure that you're considered for the maximum amount of aid possible.