The College Scholarship Penalty - Don't Get Bitten

The scholarship penalty is a little-known college policy, the money available to students through scholarship funds they receive reduced. The scholarships will be looked at as a common solution for the financing of the university problem. Grants from organizations like the DAR, Rotary, Wal-Mart, a community, the Gates Foundation and other similar organizations, only 2% to 3% of the money that is available to help send students to university, but they Attention they pleasewould think, the amount available would be considerably higher. But there is a bigger problem with external college scholarships.

External college scholarships are scholarships that a student acquires through the use of other than the college students attended. Internal Scholarships (or bonuses books) to the funds granted directly to students, usually for academic achievement. Internal Scholarships are always good and should be pursued at allTimes. External grants have a penalty that is rarely discussed. The standard policy of the colleges and universities in the United States is to give the financial award of the school at other times when the amount of money to receive outside scholarships to reduce the pupil.

For example: Sally receives a financial bonus package of Big University of $ 20,000. Sally is a keen student and apply for several scholarships in her home and receives $ 5,000 in localexternal scholarships money. Big University is then reduced their financial award of $ 5,000.

Below is an example of the outside scholarship policy at Northwestern University in Evanston, Illinois:

For outside scholarships are a resource that will get you, your financial aid must be adjusted accordingly. Northwestern's policy is to help reduce themselves, first (low-interest loans and Federal Work-Study), and then university scholarship assistance. Scholarship Fundare divided into general and evenly applied to your area of registration.

This policy of Genesis comes from the requirements of the federal loan programs. If a student scholarship will get money, the government wants its loan money back first. The colleges and universities usually piggyback on top of federal policy. In other words, very often nothing to win scholarships. You lose so much as to win. Keep this in mind before you start and hoursTo gain hours of extra work, a few thousand dollars in science.