Education
Need-Based Grant — Institution-Funded
Awarding a need-based financial grant from the institution's own funds to a qualifying student.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Financial Aid Expense (Need-Based Grant) | Expense (+) | 3,000.00 | - |
| Student Accounts Receivable | Asset (-) | - | 3,000.00 |
💡 Accountant's Note
Institution-funded grants are an expense — not a scholarship allowance (contra-revenue). The distinction matters: institutional grants use the school's own resources, whereas tuition discounts reduce the gross billing.
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