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Do outside scholarships affect the FAFSA amount?

#financial-aid #money

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Mary’s Answer

Scholarships are applied to tuition first and then Fafsa will cover the remaining balance.
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Sheila’s Answer

Hi Polina:

Yes. Getting an outside, or private, scholarship can reduce the amount of financial aid you get from a college. But that doesn't mean you’ll have to pay a bigger share of college costs. It just means that the scholarship dollars replace financial-aid-package dollars. Here's a great article on College Board.org for further research. Make sure to read all the material and navigate to the links as identified. Best of luck to you!

Sheila recommends the following next steps:

CollegeBoard.org • https://parents.collegeboard.org/faq/do-outside-scholarships-affect-other-financial-aid-awards
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Lindsay’s Answer

Hi Polina, yes they generally do. You can find out by speaking with your financial aid office. Good luck!

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