Merit-based aid is aid offered to students who achieve excellence in a given area, and is generally known as academic, athletic and artistic merit scholarships.

以成绩为基础的奖学金是为在某一领域取得优异成绩的学生提供的奖学金，常见的包括学术、体育和艺术奖学金。

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Between 1995-96 and 2003-04, institutional merit aid alone increased 212%, compared with 47% for need-based grants.

在1995-96年到2003-04年间，仅机构绩效奖学金一项就增长了212%，而基于需求的奖学金增长了47%。

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No current merit-aid recipients will lose their scholarships, but need-based aid alone will be awarded beginning with students entering in fall 2008.

目前的奖学金获得者不会失去他们的奖学金，但从2008年秋季开始，只会对学生发放助学金。

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Merit-based aid comes into play when colleges, especially those out of the top tier, get into bidding wars for desirable students.

FORBES: Paying for College: Merit Aid

The school's financial counselors have shifted to a case-by-case approach to financial aid and to increasing the amount of merit-based scholarships available, she says.

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But they're less accurate at predicting need-based grant aid from colleges and don't predict merit aid well, says Mr. Kantrowitz.

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