<p>If my daughter receives scholarship prize money (Coca cola, American Legion, Etc) can that money go against our EFC or does the school take it off their aid? Thanks.</p>
<p>If your college meets need, then outside scholarships will be deducted from your financial aid. The good news is that most colleges will reduce loans and work study before reducing grants. But it is worthwhile to check with each college to find out its policy.</p>