<p>Many schools have dedicated scholarship funds to distribute - many of those include need as a criterion. For instance Mr. Fatcat may have endowed the college with funds to provide money to worthy students in History who are not just star students but have financial need. Your kid intends to major in History. If you have demonstrated need, the school can award her the Fatcat Annual Scholarship and not have to dip into the general merit pool. Important for them to know.</p>