Does USC keep up with financial aid?

<p>re #19
You have a fundamental misunderstanding of how FA is applied. In July or August you will get a bill from USC for the fall semester made up of tuition, room, board, fees, and other charges. The outside scholarship and half of the FA award’s grants and loans will be applied as credits. You owe the difference within 30 days or else they start tacking on late charges. Sometimes there are timing glitches with loans and government grants, and you just wait for them to catch up and be applied. But eventually the bill has to be fully paid through the combination of all these sources.</p>

<p>Where your money comes from makes no difference to USC. So the acceptance is not going to be rescinded based on summer earnings. The bill has to be paid somehow, that’s all.</p>

<p>Also, re the outside scholarship, that has to reported to USC now, and the FA award will be reduced by that amount. Bummer, I know, and a surprise to many people. This is not unique to USC – all schools do it. If there are work study or loans in the award, they will be reduced first by the amount of the outside scholarship, so that is some benefit.</p>

<p>regarding the outside scholarship: definitely report it USC. like dt123 said, they will most likely take it away from the loans instead of the grant (which is great, imo). even though this is what they probably will do, make sure you tell them to take it away from the loans! it can never hurt to make sure.</p>