The process for determining whether financial assistance will be granted for MicroMasters Program in Finance courses involves a selection process when the number of applicants exceeds the available assistance.
Due to the limited amount of financial assistance available in each course, if the number of applicants exceeds the allocated assistance, a random lottery is conducted to select recipients. This means that all applicants who have applied for financial assistance are entered into the lottery, and recipients are chosen randomly.
The lottery system ensures fairness and equal opportunities for all learners who have applied for financial assistance. It eliminates any biases or subjective judgments in the selection process and provides an unbiased way to distribute the available financial assistance.
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