Financial Aid and Merit Scholarships

I received the Trustee Distinguished Scholarship for $98,000 over four years. This seems like a simple question but will this affect my financial aid package? As in, will I get much less aid?

Yes, I got the same scholarship and it completely wiped out my financial aid, since my Merit aid exceeded my need-based aid. So whatever your need-based package was they will subtract the amount of merit aid from need-based aid

@ThatIrishKid Thanks for letting me know