Financial Aid Package Battle

financial aid battle Your dream college has accepted you for enrollment next fall and has mailed your financial aid package for review. The package includes a hefty scholarship from the college and federal loans and grants. However, you just received an award letter stating that you won a $10,000 scholarship from an external organization. Congrats! Will this $10,000 scholarship you earned affect your financial aid package? Unfortunately, the answer isn’t simple. It depends on the college’s policies.

Some colleges will treat the $10,000 as if you saved it and intended to use it for college expenses. If your financial aid is need-based, then the school’s financial assistance office may reduce the university’s scholarship they were going to give you. Continue Reading…


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