Financial aid is a factor that is considered when talking about college. The majority of U.S. citizens rely on financial aid to pay for college. College is a very expensive aspect of education. And while it ultimately pays to have a college degree, most families can't afford to send their children to college. There are two types of financial aid that students may be eligible for: need-based and merit-based. However, we know that the majority of financial aid is based on need. Some merit-based scholarships are also awarded to students based on their need. It is therefore understood that a mediocre student who qualifies based on need will receive more aid from the federal government than a student who does not qualify based on need but is involved and ranks in the top ten in his or her class. class. Federal student aid should not favor those it considers need-based students over students who have demonstrated a rigorous and challenging academic lifestyle. Financial aid is calculated based on the cost of attending school and estimated family contributions. If the estimated Fa...