Confusion about the treatment of merit-based or categorically based aid has revealed the need for a generalized financial and reporting methodology. This article suggests a procedure for financial aid reporting that recognizes differing treatment of need-based aid before and after awarding, offers general information about the theoretical concepts underlying the proposed procedure, and provides an example of how the procedure may be applied.
Allan, Ronald Gage and Hermsen, Al
"Apples to Apples: A Financial Aid Reporting Methodology,"
Journal of Student Financial Aid: Vol. 32
, Article 2.
Available at: http://publications.nasfaa.org/jsfa/vol32/iss3/2