Need-based financial aid is reserved for students whose families have lower incomes and need help paying for college. Non-need-based financial aid, on the other hand, is available to most students regardless of their families' income.

Our company receives compensation from partners seen on our website. Here's how we make money. Our research, news, ratings, and assessments are scrutinized using strict editorial integrity. Our editorial staff does not receive direction from advertisers on our website.