Glossary of Terms
| Glossary | |
|---|---|
|
Program Category |
|
| State | Award is available to residents of the state |
| Institutional | Award is provided by a college or university to attend that institution |
| Local | Also known as "place-based" scholarship programs, local programs provide an award to students who reside in a designated city or district and/or attend designated K-12 schools |
|
Financial Award |
|
| First Dollar | Provides specified amount regardless of other financial aid received |
| Last Dollar | Fills the gap between a particular cost (e.g., tuition) and other financial aid awards. Amount is determined after financial aid from other sources is considered |
| Middle Dollar | Like the last-dollar model, students in middle-dollar programs first receive the federal, state, and other funding for which they are eligible. Also, like last-dollar programs, students receive the difference between funding received from other sources and the amount promised by the program. A middle-dollar program differs from a last-dollar program in that additional financial assistance is granted to a subset of students based on criteria determined by the program |
|
Eligibility Criteria (examples) |
|
| Financial Need | Award is available only to individuals with Pell Grant eligibility, family income below stated threshold, or other measures of financial need |
| Academic Achievement | Award is available only to students with high school or college grades, test scores, or other measure of academic performance above a specified threshold |
| Community Service | Award is available only to students who complete a specified number of hours of community service |
