Imagine you get a college financial aid offer that says your cost after financial aid will be $12,500. You got an outside scholarship for $2500. Score! You just reduced your cost to $10,000, right?<\/p>\n\n\n\n
Maybe, maybe not.<\/p>\n\n\n\n
Generally, scholarships get reported to the school you choose. The foundation often sends the check directly to the school. If a school allows “stacking,” they will apply the money to the portion you owe. Awesome. That’s the best-case scenario.<\/p>\n\n\n\n
But that doesn’t always happen. Some schools use outside scholarships to save THEMSELVES money. They collapse (often called displacement) the money into their existing offer, leaving you with the same $12,500 bill. I think it is robbery.\u00a0<\/p>\n\n\n\n
How will you know? You have to ask each school. They won’t volunteer the information, so email them and ask. Every school sets its own policy regarding outside scholarships.<\/p>","protected":false},"excerpt":{"rendered":"
Imagine you get a college financial aid offer that says your cost after financial aid will be $12,500. You got an outside scholarship for $2500. Score! You just reduced your cost to $10,000, right? Maybe, maybe not. Generally, scholarships get reported to the school you choose. The foundation often sends the check directly to the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[21],"tags":[11,27,28],"class_list":["post-452","post","type-post","status-publish","format-standard","hentry","category-paying-for-college","tag-financial-aid","tag-scholarship-displacement","tag-scholarship-stacking"],"yoast_head":"\n