<p>I’ve won $3500 worth of scholarships; will Brown just replace the grant money they gave me with this, or will it cut down my loans/contribution? I’ll be p issed if they just take away some of my grant money… then this will all have been completely for naught.</p>
<p>You're supposed to report all scholarships at the beginning of the summer so they can "adjust" your fin aid package.</p>
<p>Sorry.</p>
<p>This information is somewhere on the financial aid pages...can't find it right now. The outside scholarships does replace whatever loan you received in your financial aid package before replacing Brown grant. As for self-contribution, Brown requires a minimum each year that can't be replaced with outside scholarships. Of course, they waive that requirement for freshmen.</p>
<p>As long as it replaces the loans, that's fine.</p>
<p>Sorry man...grants get reduced according to the conversation I had on the phone with my finaid person. I was totally bummed...Oh well, thank god they're ganna give me few loans and a lot more grant aid...</p>
<p>Good luck man, and if you hear any differently I'd love to know.
Thanks and peace,
Rory</p>
<p>Well... they tend to reduce grant aid only if your outside scholarships EXCEED the self help portion. It even clearly states that on the brown FA website... read carefully</p>
<p>Outside Scholarships and your Financial Aid Package</p>
<p>Receiving outside scholarships and tuition benefits is an excellent way to help reduce your need to work and/or borrow student loans while at Brown. When you receive an outside scholarship, our office is required to reevaluate your financial aid package and account for the additional resource. Keep in mind that federal regulations stipulate that an outside scholarship cannot be used to reduce your parent contribution. Note: For purposes of financial aid, payments from Prepaid Tuition Plans are treated like outside scholarships and will reduce the financial aid award dollar for dollar.</p>
<p>Outside scholarships can be used to reduce some, but not all, of the following:</p>
<pre><code>* Student Contribution from Income (SCI)
* Work-Study/Student Employment Expectation
* Loans
</code></pre>
<p>When you reduce the components of your package listed above, you cannot reduce the entire student expectation, or what we call student-effort (loans, work-study/student employment and SCI). Each student is expected to make a contribution to their academic year costs through borrowing a loan, working during the academic year, and/or contributing from their summer earnings. Under no circumstance can outside scholarships be used to replace your entire expected contribution. A minimum expectation is set for all students.</p>
<p>Browns minimum student-effort expectation is reevaluated each year. For the 2004-2005 academic year, the minimum expectation is as follows:</p>
<pre><code> Freshman $2,100
Sophomore $2,550
Junior $2,550
Senior $2,550
</code></pre>
<p>Students are required to maintain their minimum contribution expectation in the form of SCI, work-study/student employment, or loans but have the flexibility to choose a combination of loan and work that best meets their needs. A financial aid counselor can offer advice on how to best use the outside scholarship depending on your particular situation. For more details on what is required of you in regard to outside scholarships, along with some examples, please visit our Frequently Asked Questions.</p>