Question about private scholarships

thumper1
Sun, 21 Dec 2008 13:13:09 +0000

If I receive private scholarship money, will private scholarships help reduce my family’s EFC>>




Private scholarships usually reduce your NEED. You say that you received merit aid. In most cases, private scholarship do not reduce merit aid unless NEED is tied to the award.

In any case, the only way to know how private scholarships affect aid at your college(s) is to contact YOUR colleges and ask.

I don’t know of many situations, however, where the private scholarships would reduce your EFC. EFC is what your FAMILY is expected to contribute…and is not paid with scholarship monies in most cases. However, there are some schools which allow “stacking” of financial aid up to the cost of attendance. You need to ask YOUR college.