Need-Based vs. Need-Aware
When a student applies for admission to colleges, the need-blind is a policy that does not reflect whether the student has applied for financial aid or not in the admissions process. This means that the financial situation of the student's family and the ability to pay for education have nothing to do with the admission evaluation. This is a very welcome policy, especially for students who need to receive a large portion of financial subsidies due to their family circumstances.
In general, the more prestigious colleges with sufficient funds, the more this policy is practiced. Below is a guide to the need-blind policy currently introduced on USC's school website.
"USC is need-blind in its admission process—a student’s financial need will never influence an admission decision. In fact, nearly two-thirds of undergraduate students at USC receive financial aid."
Conversely, the need-aware (need-sensitive) policy is to reflect the student's financial situation in the admissions process. In other words, if a student has applied for financial aid, it is a policy that examines, if accepted, how much financial aid should be awarded to the student, and then considers this point in determining whether the student is eligible.
In general, colleges that do not have sufficient funds advocate this policy. However, even for need-aware colleges, it is not appropriate to remove these schools altogether from the student’s college list, as many colleges only apply this policy to a small subset of students on a wait list, so it is advisable to check with an expert for details.
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