What is the primary characteristic that distinguishes a merit-based scholarship from a need-based scholarship?

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B) Eligibility for merit-based scholarships is primarily based on academic achievement, talent, or other non-financial criteria.. Merit-based scholarships are awarded based on a student's achievements, talents, or specific skills, rather than their financial situation, which is the basis for need-based aid.

What is the primary characteristic that distinguishes a merit-based scholarship from a need-based scholarship?

✓ Correct Answer: Option B

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