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Omschrijving

However, demand and supply principle can predict below any one of these cases. I shall indicate as below: The problem of need-based scholarships: Most systems for providing college scholarships are based on some definition of financial needs, with scholarships generally being given only to those students who must need financial help in order to attend school.Is need, rather than academic ability, the best basic on which to choose those students who are to be encouraged to attend college? Which way of choosing who gets aids is the more just? Which is the more efficient ? Is the overall educational level of society increased more by giving financial aid to bright students or to needy students? Presumably the aid offers more leverage to needy students, since they all need the money in order to attend college, whereas, many of the bright students would attend college in any case. But is a smaller number of bright students the more important addition? So, the school can apply demand and supply principle to predict whether how many parents feel need financial assistance and evaluate how much financial amount is the right to borrow. It aims to calculate how many parents feel real financial need and how much to lend to them in order to let these students to get the most fair financial assistance.Assuming the school wish to use need as a basis, how does the school determines " financial need"?