Need-blind admission in the United States refers to a college admission policy that does not take into account an applicant's financial status when deciding whether to accept them. This approach typically results in a higher percentage of accepted students who require financial assistance and requires the institution to have a substantial endowment or other funding sources to support the policy. Institutions that participated in an antitrust exemption granted by Congress were required by law to be need-blind until September 30, 2022.
Many colleges and universities cannot provide enough financial aid to cover all admitted students. Some institutions are not need-blind, while others may practice need-blind admissions, but cannot provide sufficient aid. Additionally, some schools that use need-blind admissions for domestic first-year students may not extend that policy to international or transfer students. Need-blind schools tend to be selective, due to the large number of applications they receive.
