how does a scholarship affect financial aid offer?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
thrillerjesus
Posts: 78
Joined: Sun Jun 20, 2010 5:43 am

how does a scholarship affect financial aid offer?

Postby thrillerjesus » Mon Jun 21, 2010 4:52 am

I'm doing some last minute negotiations to try to get some scholarship $$. If they agree to give me amount x, does that mean that the federal and gradplus loans available to me decrease by x, or do they equal the school's COL regardless of scholarships?

KBicknell
Posts: 15
Joined: Wed Jul 15, 2009 9:40 pm

Re: how does a scholarship affect financial aid offer?

Postby KBicknell » Mon Jun 21, 2010 11:36 am

All loans and scholarships added together will equal the COA. So adding a scholarship would decrease loans.

AsylumPB
Posts: 113
Joined: Tue Jan 26, 2010 7:30 pm

Re: how does a scholarship affect financial aid offer?

Postby AsylumPB » Mon Jun 21, 2010 11:45 am

KBicknell wrote:All loans and scholarships added together will equal the COA. So adding a scholarship would decrease loans.


This. /thread




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