<p>I have a Stafford Loan and a work-study in my Financial Aid package. I have received 2 scholaships so far. One will be made out to the University and the other one to me. Do I have to report, to the school, the scholarship (check) that is made out to me? Or can I just use it towards the costs that are part of my Family Contribution?? Any insight would be helpful.</p>
<p>Yes, you are required to report all scholarship monies to your college and to the IRS.</p>