What is the award displacement policy at UCLA? In other words, does having money from scholarships lower my aid in loans, grants, or a combination of both? Personal inside would be much appreciated from current students.
@Noah8368 I am starting my first semester at UCLA this fall. I received a $500 outside scholarship and my grant award dropped around $250ish.
From the UCLA Undergraduate Financial Aid and Scholarships website (www.financialaid.ucla.edu):
How will an outside award impact my financial aid package?
If you already have a financial aid package and subsequently receive an outside scholarship/award, your financial aid offer will be adjusted for that award, and is dependent upon the conditions of the award.
Generally, need-based loans and work-study awards are reduced first to “make room” for that award. To ensure that an outside scholarship can help you as much as possible, it is our policy to replace your self-help (need based loan and work-study awards) first. If the amount of outside aid exceeds the amount of loans and work-study in your package, your grants are then reduced.