Confused about merit and need based aid

I’m a NMF. My EFC at most schools is about 50k. If I were to get into Boston University and be selected for the national merit finalist scholarship (25k/year), would this be in addition to my need-based scholarship (likely for about 30k)? or would it essentially replace most of my need-based aid and I would only get ~5k in aid?
basically the question is:
do merit aid and need-based aid stack on top of each other?

This varies by college. Call BU and ask if they stack need based and merit aid. I have no idea, but the folks at BU will!

4 Likes

School by school.

Some stack merit and need. Some don’t.

Some say on the website. I don’t see BU. I’d call or email financial aid at the schools of interest to ask if they stack need and merit or replace need with merit.

Good luck.

Edit as we typed at the same time - what @thumper1 says

Interesting that I found this:

Continuing the discussion from aid stackability at these schools?:

https://www.bu.edu/finaid/aid-basics/faqs/

I wrote that post. My kid was at BU from 2003-2007…and a lot has changed since then. BU didn’t meet full need when my kid was there either.

I think you need to call BU now…and ask about current policy.

4 Likes