Financial aid is probably one of the best things that could happen to students who cannot afford to attend the college simply because they do not have the financial means to do so. However, a recent study showed that colleges are deviating from their pattern of offering financial aid from students who really need the financial aid to those who do not.

The main aim of the financial aid is to help the students that need the money to continue with their studies. But nowadays, the number of need based financial aid has significantly dropped due to the merit based financial aid.

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