Hello peeps, I'm currently checking the box for 'Need-Based Financial Aid' on the Common App and I'm wondering – how do colleges actually use this information? Also, does indicating I need financial aid hurt my chances at schools that aren't need-blind? Kind of stressed about this, so any advice will help a lot!
When you check the 'Need-Based Financial Aid' box on the Common App, you're indicating to colleges that you're planning to apply for financial assistance. Colleges use this information to determine your eligibility for need-based grants, scholarships, and aid packages, which can include federal, state, and institutional funds.
For schools that are not need-blind, there's a possibility that your need for financial aid could be considered during the admissions process. Need-aware schools might factor in an applicant's financial situation when making admissions decisions, particularly in close calls between applicants.
While this shouldn't discourage you from applying for aid if you need it, it's an added layer of complexity in admissions at these institutions. Remember, your foremost priority should be ensuring that you can afford your education. If a school's financial aid offer isn't sufficient, it may not be the right fit for you regardless of its initial appeal.
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