@ILMom13579 I don’t have a definite answer for you, but everything I’ve ever read about financial aid says that all sources are counted – that is, if you get a local scholarship for some amount of money, then you are asked to report it and it will be counted in the net price. We’ve received one “net price” sheet from a school (private) that lists merit aid, likely grant aid, subsidized and unsubsidized loans, etc. So I think when all is said and done, the merit aid will likely be calculated in with everything else.