CampusPin Glossary
Institutional aid
Grants and scholarships paid by the college itself, separate from federal Pell, state grants, or outside private scholarships.
Institutional aid is money a college funds out of its own endowment, tuition discounting, or fundraising. It can be need-based, merit-based, or both. Schools with large endowments (Harvard, Yale, Princeton, Stanford) deliver most aid this way; less-resourced schools rely on a mix of federal aid and tuition discounting. Institutional aid is renewable in most cases as long as the student maintains satisfactory academic progress and any GPA conditions on the original award.
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