What is Merit Aid?
Merit aid is a type of financial aid award that is not need-based. Instead, merit aid is given based on academic performance, athletic ability, artistic skill, or special interests. Merit aid can come in the form of a scholarship, grant, or tuition discount. Because merit aid is not a loan , it does not need to be repaid.
How Does Merit Aid Differ from a Scholarship or Grant?
Although merit aid could come in the form of a scholarship or grant, these terms do not necessarily carry the same meaning.
Scholarships are the most common type of merit aid. However, scholarships can vary in nature. While some may be merit-based, others are awarded based on financial need.
Grant funding is based on an individual’s ability to fulfill a public need. For example, TEACH grants are awarded to prospective educators who plan to work in high-need districts.
Neither scholarships nor grants require repayment.
Financial Aid at Goodwin University
As one of the most cost-effective private, non-profit universities in Connecticut, Goodwin is committed to making your education affordable. We offer many forms of merit and need-based financial aid, and our Financial Aid team is ready to help you navigate the financial aid process.
Learn more about paying for your Goodwin education today!
We’re ready when you are
- Enrollment is hassle-free, and it’s easy to get started.
- Financial aid is available, and we’re still accepting applications.
- You will find comprehensive support services that will get you through college and into a great career.
- We are veteran-friendly, and we understand and respect the needs of veteran students.
- If you want to transfer in credits, we can typically review your transcripts of prior learning in less than one business day.
Contact us today!
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