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Financial Aid - Glossary

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Merit-based Aid: Student assistance awarded because of a students achievement or talent in a particular area, such as academics, athletics, music, etc.

Methodology: Refers to the system used to calculate the Expected Family Contribution (i.e., the Federal Need Analysis Methodology).

Military Scholarships: Reserve Officer Training Corps (ROTC) scholarships available for the Army, Navy, and Air Force at many colleges and universities throughout the United States. These scholarships cover tuition and fees, books and supplies, and include a subsistence allowance.

Montgomery GI Bill: A program to help military personnel pay for postsecondary education. Sometimes called the New GI Bill. These benefits are available only for undergraduate study and are payable for up to thirty-six months. Additional information is available at http://www.gibill.va.gov.

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