<p>I asked the financial aid office and they said that if my NMF son got the $2,500 scholarship from the National Merit Corp, U of C would give him a one time credit to his loans and/or work study. If he did not get that, then U of C would “give” him $2,000/year, but in his case it would just be subtracted from the grant money he would already get from the school, so the bottom line wouldn’t change for him, or us, at all. Not very helpful financially in our situation. It would help kids who don’t need financial aid though… go figure. The woman I spoke to was very knowledgeable and polite.</p>