How does the receipt of outside aid affect the Good Neighbor Award?

May 21, 2021 | Tagged: | Category: Financial Aid

Per federal regulation, any outside scholarship received must be added to the financial aid package. Students are encouraged to inform the Office of Financial Aid as soon as possible after being notified of scholarship awards. In most cases, College policy toward outside scholarships is to use those funds to reduce or eliminate remaining financial need. If the total outside aid creates an over-award, adjustments are made first to self-help aid (loans and work study). Adjustments to W&J funds occur only if no other option can resolve the over-award. If an award revision occurs an updated financial aid award letter will be sent to students.

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