Federal Student Aid Need-Based Award
Provides need-based financial assistance to help cover tuition, fees, and living expenses for undergraduate students demonstrating significant financial need.
Award Amount
$2,000–$6,000
per year
Deadline
June 30
application due
GPA Required
None
minimum
Field of Study
Any
eligible majors
Eligibility Checker
Enter your information below to check if you meet the basic eligibility criteria for the Federal Student Aid Need-Based Award.
Requirements Checklist
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Scholarship Value Calculator
Annual Value
$6,000
per year
4-Year Total Value
$24,000
if renewed each year
Loan Interest Saved
$8,400
at 6.5% over 10 years
Pro tip: Every dollar in scholarship funding saves roughly $1.35 compared to borrowing the same amount through student loans at 6.5% interest over a 10-year repayment period.
Eligibility Details
| Eligibility | Students with demonstrated financial need |
| Demographics | All students |
| Field of Study | Any |
| Type | need based |
| Renewable | Yes — renewable annually |
Frequently Asked Questions
What is the Federal Student Aid Need-Based Award worth?
The Federal Student Aid Need-Based Award provides $2,000 to $6,000 per year. It is renewable, meaning you can receive it for up to 4 years of study, totaling up to $24,000.
What GPA do I need for the Federal Student Aid Need-Based Award?
The Federal Student Aid Need-Based Award does not have a strict GPA requirement. However, maintaining good academic standing is generally expected.
When is the Federal Student Aid Need-Based Award deadline?
The application deadline for the Federal Student Aid Need-Based Award is June 30. We recommend starting your application at least one month before the deadline to ensure all materials are complete and submitted on time.
Who is eligible for the Federal Student Aid Need-Based Award?
Students with demonstrated financial need. The scholarship is categorized under Need-Based and is available to all students.
Is the Federal Student Aid Need-Based Award renewable?
Yes, the Federal Student Aid Need-Based Award is renewable. You can receive it each year as long as you continue to meet the eligibility requirements, including maintaining the required GPA and enrollment status.
How do I apply for the Federal Student Aid Need-Based Award?
To apply for the Federal Student Aid Need-Based Award, you will need to meet the eligibility requirements and submit the required application materials, which typically include: Complete application, Demonstrate financial need, US citizen or permanent resident, Enrolled or planning to enroll in college. Visit the official application portal for complete instructions.
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Methodology & Scholarship Data Sources
How we compile Federal Student Aid Need-Based Award scholarship data: Our scholarship database integrates official data from federal financial aid sources, higher education research, and direct program documentation. Scholarship terms, amounts, and deadlines are verified against official program websites.
- Scholarship award data verified against official program documentation and Federal Student Aid scholarship guidance.
- Eligibility requirements cross-referenced with NCES Digest of Education Statistics for GPA distributions and enrollment data by institution type.
- Financial need assessment methodology aligned with Federal Student Aid aid calculation (SAI under FAFSA Simplification Act 2024).
- Award maximization strategy based on College Scorecard data on average institutional grant aid and net price by family income bracket.
- Tax implications of scholarship awards referenced from IRS Tax Topic 421 — Scholarships, Fellowship Grants and Other Education Grants.
Authoritative scholarship and financial aid sources:
- Federal Student Aid (StudentAid.gov) — official FAFSA, grants, and loan information
- College Scorecard (US Dept of Education) — net price and aid data by institution
- IPEDS — Integrated Postsecondary Education Data — institutional financial aid statistics
- IRS Topic 421 — Scholarship Tax Rules — taxability of scholarship awards
- Federal Student Aid — Scholarship Resources — avoiding scholarship scams
- NCES Digest of Education Statistics — enrollment and aid distribution data
Scholarship Disclaimer: Scholarship terms, amounts, deadlines, and eligibility requirements change annually. Always verify current program details directly with the awarding organization before applying. Award amounts shown reflect typical annual figures; actual awards may vary. This tool is for informational purposes only and does not guarantee scholarship eligibility or award.
Reviewed by Brazora Monk · Last updated 2026 · Verified against official program sources and Federal Student Aid data
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