"Stacking" scholarships questions? Fastweb, etc...

sybbie719
Sun, 26 Oct 2008 17:25:30 +0000

You need to check with the individual school to find out how they handle outside scholarships.

usually outside scholarships are applied in this order:


they reduce the self help aid to the student (work study & student loans)
then they reduce the institutional aid (scholarsips and grant monies given directly by the college)
most outside colleges cannot be used to reduce your family’s EFC.
some colleges will allow you to use your outside scholarship for a one-time purchase of a computer for school.


If your school “gaps”, meaning it does not mee 100% of your demonstrated need, you will have to find out from the school if you can use the outside scholarships to fill the gap.

also remember that all scholarship $$ over the cost of tuition and fees is taxable income to the student.