<p>Many colleges allow students to use outside scholarships to reduce your “self help” contribution such as loans, work study or summer earnings. For example, if you have $10,000 of grant aid, $4,000 in loans and you win a $1,000 outside scholarship, many schools will let you reduce your loans to $3,000 and keep the full $10,000 grant aid.</p>
<p>[FinAid</a> | Scholarships | Outside Scholarship Policies](<a href=“http://www.finaid.org/scholarships/outside.phtml]FinAid”>http://www.finaid.org/scholarships/outside.phtml)</p>