How do outside scholarships affect financial aid at UMD?

I heard that some schools use outside scholarships to cancel out merit-based and need-based aid? What is UMD’s policy? I just want to make sure that I am not applying to scholarships for no reason.

I have a son who goes to a different school in the MD University system. We had a similar experience. If he chose to use his GI Bill, they were going to decrease his merit-based scholarship. I’m pretty sure that all of your scholarships added together can not exceed the cost of attendance.

Ok. Thank you! I will also try to call the UMD Financial Aid Office to learn more about UMD’s policies.