Need-based scholarships are financial awards given to students based on their financial situation rather than academic merit. These scholarships aim to help students who may not have the means to afford higher education costs, including tuition, books, and living expenses. To qualify for a need-based scholarship, students typically need to submit a Free Application for Federal Student Aid (FAFSA) or similar financial documentation. The amount awarded can vary depending on the student's financial need, the cost of the chosen institution, and the availability of funds from the scholarship provider.