3 answers
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Do outside scholarships affect the FAFSA amount?
#financial-aid #money
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3 answers
Updated
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!
CollegeBoard.org • https://parents.collegeboard.org/faq/do-outside-scholarships-affect-other-financial-aid-awards
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!
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