<p>My family's EFC is near-zero, so if I get the Regents Scholarship, nearly all of my college costs will be covered. </p>
<p>Thus, if I am lucky enough to also be selected for the Alumni Scholarship, how will that factor in? </p>
<p>Will I just receive the extra money on the side for my own personal use? Or will it be used to replace some of the Regents' money?</p>
<p>Thanks guys for your time!</p>
<p>Your Alumni Scholarship will be used as scholarship money, note that the Regents Scholarship is only 2,000 and the rest covered for your 0 EFC is just University grants. Therefore, the Alumni Award will replace the university portion. Basically, winning scholarships is useless besides the recognition because you can never go over the Award Budget. I have won 15,000 dollars extra of scholarships, but UCLA still caps me at 31,500 a year even if I am a Regents. I think everyone who is invited to apply for the Regents Scholarship wins it anyway, but the fact that the UCLA FAO replaces your Regents grants with scholarships you won makes it kind of useless to apply for anymore scholarships for your next four years. They will just replace it anyway. I won so much extra scholarships that they even reduced my Cal Grant amount.</p>
<p>Yes you can win both. I agree with everything kaizera15 said. It might not help you financially but if you already applied I think it’s a great opportunity, especially if you are able to make it to state finals. state finals is what sold me on UCLA and I’m SOOO glad I had that experience because otherwise I might not have decided to go here. ASC is also a great network. Definitely though you probably have no need to apply for more scholarships except for extra recognition</p>