Need-based financial aid is money that’s awarded to you based on your family’s income and finances. If you need additional funds to pay for school and can demonstrate financial need, you may qualify for different types of need-based federal aid, like work-study and Direct Subsidized Loans. To check your eligibility, you must complete the Free Application for Federal Student Aid (FAFSA)
Types of need-based financial aid
Several types of need-based financial aid exists, including:
