Questions about Scholarships listed on LSN

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
timkim
Posts: 2
Joined: Sat Aug 10, 2013 10:31 pm

Questions about Scholarships listed on LSN

Postby timkim » Sat Aug 10, 2013 10:35 pm

Hello,

I was wondering if someone could clarify something for me. When users list the scholarship $$ they received from schools they were accepted to on LSN, is that number for one year of school or three years total? So for instance:

Georgetown $30,000
UCLA $120,000

Does that mean that at Georgetown the user is receiving $10,000 a year to attend or $30,000 a year to attend.
Same thing with UCLA, is it $40,000 a year to attend or $120,000 a year to attend.

Thanks so much!

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guano
Posts: 2268
Joined: Mon Feb 18, 2013 9:49 am

Re: Questions about Scholarships listed on LSN

Postby guano » Sat Aug 10, 2013 11:15 pm

Unfortunately you really don't know. The majority of people post total, as in $30k = $10k/year, but plenty of people post annual instead.

But, common sense can help. If numbers are very high (greater than $50k) it's probably all 3 years, while if they're low ($10k or less) its probably per year. If a number cannot easily be divided by 3 (e.g. $20k) there's a good chance that's per year.

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Louis1127
Posts: 817
Joined: Thu Jun 27, 2013 9:12 pm

Re: Questions about Scholarships listed on LSN

Postby Louis1127 » Sun Aug 11, 2013 12:08 am

Make sure to check the area at the bottom "Additional Info & Updates", as sometimes that particular applicant will tell you if the amount they listed is per year or a three-year total.




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