Answer:
Merit-based aid is financial aid that is awarded to students based on their academic or other achievements, rather than financial need. This can include scholarships, grants, and other forms of financial assistance.
The most common achievement or ability for which merit-based scholarships are awarded is academic excellence. This can include high grades, standardized test scores, and other academic achievements such as participation in academic competitions or research. However, merit-based scholarships can also be awarded for other achievements or abilities, such as athletic or artistic accomplishments or community service. The specific criteria for merit-based aid can vary depending on the scholarship or grant program.
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