<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>They will find somewhere else to reduce your FA. Say you get $5000 worth of UC Berkeley undergrad scholarship, they’ll end up subtracting just enough so you don’t get extra $.</p>
<p>Yes, it is possible. They are separate scholarships, so you will receive the full amount for both. The only “replacement” that can happen is a reduction of your need-based aid, if you have any.</p>
<p>Do you need to file FASFA for both/either of these?</p>
<p>I do not believe you needed FAFSA for the alumni scholarship since that one requires a separate application + interview. The Regents one might though, I’m not entirely sure.</p>
<p>you will need FAFSA if you are to receive any type of FA. the EFC info is critical as to what amt of FA/scholarship would be granted.</p>
<p>I believe they’re separate scholarships, so I don’t see why you wouldn’t be able to get both. However, it will change other numbers in your budget since you’re getting more financial aid.</p>