The University of Rochester makes a distinction between need-based and merit-based financial aid, similar to many other colleges and universities. Both types of aid are frequently included in a financial aid offer from the university. Scholarships are a common form of need-based aid, whereas grants, loans, work study programmes, etc. are the main forms of merit-based aid. Both sorts of aid are provided by the University of Rochester, depending on several conditions.
The Alan and Jane Handler Scholarship, which has a permanently endowed endowment, is given to chosen students who would not otherwise be able to afford a Rochester education. Scholars are chosen based on their demonstrated mastery of complex issues, great potential to become future leaders, and academic brilliance.