<p>I’m pretty sure that even if Vandy counts NMSF against you, it will take away from your Work Study and Expected Student Contribution, first. You are expected to earn about 2k (I’m guessing; it doesn’t list summer earnings expectations anywhere that I could find on Vanderbilt’s site) over the summer. Work-study will be between 1 and 2k, I believe, so that means you will likely lose 2 - 3k of your scholarship. Still, it’s unlikely that unless you get a great merit scholarship elsewhere, that somewhere else will have a better need-based policy than Vanderbilt, meaning this is going to be one of your best choices fiscally.</p>