Financial Aid--What Portion Would be Loans?

[tocollege]

<p>My University Scholarship was for more than $1,000 per year. </p>

<p>From my University Scholarship award letter:

Good news! In recognition of your academic acheivement, the University of Southern California Office of Admission has awarded you a University Scholarship

</p>

<p>From the University Scholarship Information Guide enclosed with my award letter:

The University Scholarship is renewable for an additional three years if you make normal academic progress toward your degree and maintain a minimum cumulative USC gpa of 3.0. You do not need to re-apply for financial aid each year to receive your University Scholarship.

</p>

<p>As I said above, I also receive a University Grant, and it requires that I apply for financial aid each year. The amount of the Grant will vary depending on my calculated need, while the University Scholarship will not. Both of those are in additon to the Presidential Scholarship.</p>

<p>I got the feeling at the time that they were using the scholarship as a recruiting tool - I received the offer on April 28th and I had not yet made up my mind where I was going - and that extra merit award was what convinced me to go to USC. (Maybe waiting until the last minute to submit your statement of intent to register is a good idea!)</p>