Financial Need

Financial Need

The difference between the cost of an educational program and what the student can afford to pay. One's financial need may qualify one for grants, scholarships, or low-interest loans. Otherwise, the student must borrow or save. See also: Expected family contribution.
References in periodicals archive ?
Nominations also must provide proof of or an affirmative statement of financial need and proof of academic achievement and demonstrate commitment to the principles of Dr.
Students will be considered for Jones scholarships based on academic excellence, leadership potential, passion for the field and financial need. Finalists will be interviewed by and asked to make a presentation to a committee of industry professionals who will help select recipients.
There was a small but fervent team that declared we would not give up on this young man, but we couldn't overcome the financial need. It will be incredibly difficult for the final child in school to not feel the pull of family obligation.
This undergraduate scholarship program is available to high-achieving high school seniors with financial need who seek to attend and graduate from the nations top four-year colleges and universities.
Provisions are being gathered for the Hambleton Foodshare project, which supplies parcels to people in temporary financial need.
A BIRMINGHAM indie band has launched a charity record in support of a Redditch-based charity helping nurses in financial need.
Eligibility requirements include a grade-point average of 2.5 or higher, financial need, and demonstrated community service.
Either way, this means that financial aid is often allocated based on sexual orientation when it should be based solely on financial need. Transgender applicants can encounter roadblocks with the FAFSA due to selective service issues, and possibly with data mismatch with their name and gender markers.
Two letters of recommendation, submitted directly to the Executive Secretary by the recommending parties, including an assessment of the applicant's financial need.
The hardship distribution rules mandated that (1) these distributions be made on account of an "immediate and heavy financial need" of the participant or the participant's spouse or dependent and (2) the distribution be necessary to satisfy their financial need.
THERE IS ALMOST UNANIMOUS consent that the process used to determine a student's financial need or expected family contribution (EFC) to pay for higher education is overly complicated.
"Some veterans, especially those who already are in financial need or who lack adequate money management skills, might spend the money rather than invest it."

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