Question about outside scholarships

Barfly
Fri, 24 Apr 2015 17:02:30 +0000

Where my kids attend, as long as the scholarships are purely merit based, the student can keep all the extra. For need based money, students are not allowed to keep any extra, so the amount of their awards are decreased so that the student has a full ride but no more. Some scholarship apps specifically state that the student can not accept it IF he/she already has scholarships totaling a particular amount (one I have seen has a $40K limit). So I guess you will need to confirm the rules of the individual scholarships as well as the university’s policy. Congrats!