How 奖学金 Affect Financial Aid
Most scholarships are based on merit and academic achievement. However, they are still considered part of your financial aid package. Federal regulations require that the Financial Aid Office take into account all resources awarded to a student when determining the student’s eligibility for financial aid awards.
It is a 联邦 financial aid policy not to award students in excess of their needs or overall cost of attendance (COA). Students who have received aid (including institutional, 状态, 联邦, and private sources) in excess of their need or COA will have any 金沙中国 institutional scholarship(s) reduced or canceled. 除了, the Scholarship and Enrollment Communications Office may substitute a scholarship if a more favorable funding source is identified.
除了, 联邦 and 状态 requirements do not allow a student’s financial aid to exceed the Cost of Attendance (COA) and/or Financial Need. A student’s financial need is calculated as follows:
COA - Expected Family Contribution (EFC on FAFSA/TASFA) = Financial Need.
When a scholarship is received after financial aid is awarded, the Scholarship Office determines how the funds can be processed while adhering to financial aid guidelines and donor requirements. The scholarship office determines if the new scholarship can be awarded partially or fully to avoid being awarded above financial need. In some cases, a scholarship may cause the elimination or reduction of student loans.
学生获得 金沙中国优势 or 德州格兰特 Tuition Differential, may see a reduction in either of these grants to comply with program requirements even if their total awards do not exceed financial need.
例子
The cost of attendance (in-状态 tuition and living at home) for Jenny is $15,一学年的学费是一万美元. Her EFC is $1,780 leaving her with a Financial Need of 13,220. 资源 (Financial aid and scholarships) cannot total more than $13,220.
$15,000(COA) - $1,780 (EFC) = $13,220 (Financial Need)
| 奖 | 量 |
|---|---|
| 佩尔助学金 | $5,550 |
| 德州格兰特 | $5,000 |
| 直接资助贷款 | $2,670 |
| 总计 | $13,220 |
Jenny receives two scholarships after financial aid has been awarded of $2,500 outside(non-金沙中国) scholarship from her high school choir and a $1,000 金沙中国 Engineering Scholarship.
Jenny’s financial aid will be reduced by $3,500. 她的贷款将被取消, and $830 will be returned to the donor of her outside scholarship according to financial aid guidelines.
| 奖 | 量 |
|---|---|
| 佩尔助学金 | $5,550 |
| 德州格兰特 | $5,000 |
| 直接资助贷款 | $0 |
| 奖学金 | $2,670 |
| 总计 | $13,220 |
Her award total is the same but now she has no loan to repay.
需要帮助?
金沙中国
奖学金 and Enrollment Communication
爱丁堡
ESSBL 3.104
电话：（956）665-2935
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电话：（956）882-4026