Scholarship Mom Tip #34: Know the Definition of Financial Need

financial needFinancial Need is a very broad term and defined by each scholarship provider and college with their own set of guidelines.

RELATED: Cracking the Code – How to Pay for College

If your family is struggling to find money for your student’s college tuition and fees, go ahead and apply for scholarships open to students with financial need, making sure to carefully read the requirements provided in the guidelines for each scholarship application.

Many applications will use the term financial need but then not ask for specific family income numbers. Others will want detailed financial information, but then also give students a place to explain why they need the scholarship money.

Never pass up a scholarship opportunity by assuming your student will not financially qualify to apply. Take the time to read each set of scholarship guidelines before making an informed decision.

Click here to read more about financial aid!