what happens when i replace work-study with scholarship?

kimcpm
Sat, 30 May 2009 17:08:03 +0000

i have $1400 credited towards my work-study. now, lets say i get $1000 scholarship and report it to the college (at this poing, i have no loans). what happens to my financial aid package? do I get credit for $1000? or does it just go down the drain?