Is Financial Aid REALLY this simple?

<p>So outside scholarships pretty much do nothing for you if you receive financial/merit aid? Is that correct? Or is that too broad of an assumption?</p>

<p>So like, lets say for instance you are a Coke Scholar. You get $10,000 or something like that. If you are going to receive $20,000 in financial aid from lets say, Yale, then they will only give you $10,000? This is all extremely hypothetical. </p>

<p>If that’s the case, what’s the point of the outside scholarships? Are they for people who need $0 financial aid but just want some $$ to help pay for college?</p>