Outside Scholarships

Paying for College
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<p>[Colleges</a> Rechecking Their Scholarship Math, Where 1 + 1 Can Equal 1 1/2 - New York Times](<a href=“http://query.nytimes.com/gst/fullpage.html?res=9A03E5DE1438F93AA15754C0A96E958260]Colleges”>http://query.nytimes.com/gst/fullpage.html?res=9A03E5DE1438F93AA15754C0A96E958260)</p>

<p>This was written in 1998, and a lot of schools have since changed the way they treat outside scholarships. How does your school or your child’s school treat outside scholarships?</p>

<p><a href=“http://www.mitadmissions.org/topics/finaid/financial_aid/myth_5_the_more_i_get_in_schol.shtml[/url]”>http://www.mitadmissions.org/topics/finaid/financial_aid/myth_5_the_more_i_get_in_schol.shtml&lt;/a&gt;&lt;/p&gt;

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<ol>
<li>Cornell College (Mount Vernon, Iowa) Many students cited their financial-aid package as being the factor that brought them to Cornell, a school where “Everyone is more than willing to help you out or point you in the right direction.” Competitive academic and fine-arts scholarships draw students, as does the school’s generous financial-aid policy. When a student receives an outside scholarship, Cornell College does not typically reduce gift aid, though the amount of and the ability to renew the outside scholarship are reviewed in relation to the college’s need-based gift award. Seventy-three percent of freshmen receive need-based scholarship or grant </li>
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<p>aid.<a href=“http://spotlight.encarta.msn.com/features/encnet_departments_college_default_article_top10financialaid08.html[/url]”>http://spotlight.encarta.msn.com/features/encnet_departments_college_default_article_top10financialaid08.html&lt;/a&gt;&lt;/p&gt;

3

<p>Oh yay, my top-choice college will let me reduce my work-study and then go straight to reducing my grant even though my family contribution is through the roof! Such generosity, such kindness!</p>

<p>Not.</p>

<p>Dude, this topic is such a major source of contention between me and colleges. Just… ARGH.</p>