11/01/2011 09:05 am ET | Updated Jan 01, 2012

Most Students Receiving Merit Aid: US News List

Scholarships are an important part of affording skyrocketing college tuition. Thus, it is important consider colleges that are generous with merit aid -- aka, colleges who will give you money because of all that you've accomplished before you arrive on campus.

U.S. News and World Report recently named the colleges with the most students receiving merit aid. SUNY-Geneseo topped the list with Briar Cliff College in Iowa coming in second.

U.S. News has more on their methodology:

The federal government only awards Pell grants based on the student's "need" for money to pay for college. Some elite colleges also only award aid to students who they believe can't afford tuition, since they say all of their students are meritorious.

This chart lists the colleges that report the highest percentage of their students in the 2010-2011 academic year who "had no financial need and who were awarded institutional non-need-based scholarship or grant aid" excluding athletic awards and tuition benefits.

Check out our slide show and then tell us, what do you think of this list? Weigh in below!

Editor's Note: Due to an error at the US News & World Report, SUNY Geneseo was erroneously listed as #XX, and it has been removed, per their update.