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College Glossary: M

All College Glossary Pages:

Master’s Degrees – a graduate degree added onto a bachelor’s degree. It usually takes two years to complete.

Merit-Based Financial Aid – financial aid that is offered based on academic excellence, artistic talent or ability, or demonstrated achievement in extra-curricular activities — instead of financial need (need-based aid). Money for education awarded through contests, competitions, or certain scholarships is an example of merit-based aid.