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I'm not sure if Gates works differently with different universities, but my school told me that Gates will cover my student contribution, health insurance, and laptop.
It will also cover a work study, but I don't have that as a first-year. My school also eliminated loans for most students.
And no, Gates scholars do not get a "free" laptop. It simply covers the cost of 1 laptop per 4 years of undergrad. There is also a price max. depending on the institution.
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