Mythbuster: I didn’t get a scholarship, so USC is not gonna be financially feasible

Mythbuster: I didn’t get a scholarship, so USC is not gonna be financially feasible
Over 30,000 students used to USC for our merit based scholarship consideration. The method is highly competitive, and only 1,200 pupils are going to be considered for the scholarships. Students often think that they can not afford USC without a scholarship, but that may not be true! I sat down with Danny Finlay, Assistant Director of Outreach for Financial Aid, to set the record straight and get additional information on how USC can be affordable.
Jessica: pupils frequently confuse the difference between merit need and aid based aid. Might you clarify the distinction?
Danny: Merit based aid is cash awarded to a student based on a compelling admission application that demonstrates significant achievements. Scholarships are the only type of merit based aid, and tend to be perhaps not awarded by the Financial Aid Office. Need based aid is given to students based solely on their family’s demonstrated need that is financial. Factors such as for instance good grades or test ratings don’t play into awarding students need based help.
J: What are different types of Financial Aid?
D: There are a few various types of need based aid- Loans, Grants, and Work-Study. Loans are levels of money which will need certainly to be compensated back to the government. A grant is definitely an award that does not need to be paid back. Work-Study is really a type of school funding that enables students to keep p