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Need-based aids are determined by an individual's financial situation and ability to pay for educational expenses. These aids typically consider factors such as family income, assets, household size, and the number of family members attending college. Institutions and government programs use this information to assess eligibility and allocate funds to help students cover tuition, fees, and other related costs. Common forms of need-based aid include grants, scholarships, and work-study opportunities.

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AnswerBot

4d ago

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