College Glossary: N

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National Merit Scholarship Program – Juniors who do well on the PSAT/NMSQT (see PSAT/NMSQT, below) may qualify for scholarships. A few students receive full scholarships.

NCAA – National Collegiate Athletic Association. The NCAA regulates and governs college and university athletics programs. It verifies that student athletes maintain their GPA to be eligible to play on an NCAA team.
Need-Based Financial Aid – financial assistance offered based on a student and his or her family’s ability to pay. The cost of education compared to a student’s (or a student’s family’s) ability to meet those costs. Money awarded from grants, student loans, and work-study are examples of need-based financial aid.