Need-based scholarships are financial awards given to students based on their financial situation. These scholarships aim to help those who may not have the means to afford higher education costs, such as tuition, books, and living expenses. Eligibility is typically determined by the student's family income and financial need, often assessed through forms like the Free Application for Federal Student Aid (FAFSA). These scholarships can come from various sources, including colleges, private organizations, and government programs. They can significantly reduce the financial burden of education, allowing students to focus on their studies rather than worrying about how to pay for school.