Reporting and Outside Scholarship?

sapphire_ocean
Thu, 19 Aug 2010 15:51:21 +0000

uhm i think you’re better off not reporting it, I went back to look at my FA offers and realized that my extra scholarships didn’t take effect into reducing loans because I ended up getting a scholarship from a UCLA alumni. At a financial aid presentation, they said FA would deduct loan amounts by the amount of outside scholarships, then after that amount is covered, work study is reduced, and finally university grants. So… just use the money, proportionally 1500 is not going to cause an audit or speculation like say a 15000 or 20000 scholarship would, and if you need the 1500 in loans that would be deducted youre better off not reporting and paying your rent =]