<p>The President’s award, which is available to well-qualified minority candidates, is not $5,000 per year per se. It is a $1,000 scholarship per year but you can get up to another $4,000 per year based on financial need which is determined after you submit FAFSA and they issue need based awards (usually March or April). The letter she has received is not a guarantee of the scholarship but it creates a very high probability. She can have both the ACES and the President’s award but the ACES award could impact on that potential need based portion of the President’s award if the ACES scholarship, when deducted, lowers calculated need to below $5,000 a year.</p>