snowbeltmom Posted July 2, 2017 Share Posted July 2, 2017 I thought I understood the difference between the two terms. I thought merit aid was awarded due to achievements of some type, and occasionally, a family's financial situation was also taken into account. I thought financial aid was awarded based strictly on the student's tax returns, and a student's extracurricular achievements were not a factor when awarding financial aid. Kalamazoo College was just sanctioned by its athletic conference for the methods it uses to calculate students' financial aid awards. From the newspaper article: The way K-College awarded financial aid was found to be impermissible because the school considered an applicant's extracurricular activities, including athletics, when determining the amount of financial aid he or she would receive. The NCAA prohibits a school to link athletics with financial aid in any way, so the school was found noncompliant. "We were looking at our applicants with what's called a holistic admissions process," said Kate Worster, K-College's vice president of marketing and communications. "We looked at your extracurriculars. It might be your participation in band, it might be you're a member of the French Club, or it might be athletics. "To look at those things in the admission process is well within the NCAA rules. What happened was the extracurriculars got carried over into financial aid, and that is against the NCAA rules." K-College no longer considers any of an applicant's extracurricular activities when awarding financial aid. I wonder how many other colleges also factor in extracurricular activities when calculating need-based aid? I always thought that the wide variations in financial aid awards were due to how the colleges consider the financial situation, but maybe more factors besides financial are coming into play when a student receives his financial aid award. Quote Link to comment Share on other sites More sharing options...
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