How Do Scholarships Work?

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HYSenberg
Posts: 265
Joined: Tue Oct 29, 2013 8:10 pm

How Do Scholarships Work?

Postby HYSenberg » Sat Dec 07, 2013 4:53 am

If a school's tuition is 50k/yr and one receives a 100k scholarship, does that mean:

A) no tuition is paid for the first 2 years?
B) no tuition paid last 2 years?
C) 50k/3 paid each year?
D) other?

Additionally, can money from a tax sheltered education plan such as a 529 be used for living expenses while at school or only tuition? If the latter, could one request that instead of a tuition scholarship, he receive a COL scholarship? How are COL scholarships disbursed?

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redsox
Posts: 612
Joined: Mon Jun 08, 2009 1:40 pm

Re: How Do Scholarships Work?

Postby redsox » Sat Dec 07, 2013 4:58 am


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midwest17
Posts: 1686
Joined: Sat Aug 31, 2013 5:27 pm

Re: How Do Scholarships Work?

Postby midwest17 » Sat Dec 07, 2013 10:41 am

Scholarships are given in equal yearly amounts. The numbers on LSN are the yearly amount times 3.




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