Cash Scholarships??

[swimcatsmom]

<p>It depends on the school’s policy but generally no - especially where any federal aid is involved. Finaid has more details here
[FinAid</a> | Scholarships | Outside Scholarship Policies](<a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid)</p>

<p>note the parts that say

An outside scholarship is any scholarship not awarded by the government or the school, such as a scholarship provided by a private sector company, philanthropist or foundation.

</p>

<p>

You are required to report any outside scholarships to the school’s financial aid office. If you fail to report an outside scholarship, you may be required to repay the school or the government all or part of your need-based financial aid package.

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<p>Schools have a form you must complete informing them of outside scholarships.</p>

<p>Also remember all scholarships and grants (including need based grants like Pell and SEOG) that exceed the cost of tuition/fees/books are taxable and must be reported.</p>

<p>But the good news is most schools will reduce loans and work study first - less loans always = good</p>