Need-blind admission

Need-blind admission is a term used in the United States denoting a college admission policy in which the admitting institution does not consider an applicant's financial situation when deciding admission. Generally, an increase in students admitted under a need-blind policy and needing financial aid requires the institution to back the policy with an ample endowment or source of funding. Being need-blind is a statutory requirement for institutions to participate in an anti-trust exemption granted by Congress which remains in effect until September 30, 2022. An institution may be need-blind in any given year by policy (de jure) or by circumstances (de facto).