<p>For those who has experience with receiving scholarship and need-based financial, do you know what gets reduced first from your financial aid package?
On the UCSD website I found this: Financial</a> Aid Packaging Policy for Undergraduates
^ this shows which funds are distributed first.
So, hypothetically speaking, if I was receiving 1,000 dollar in UC grant earlier and I happened to endowed with 500 dollar in scholarship, does that mean I should I expect a 500 dollar decrease in UC grant?</p>
<p>Yes, it does mean that.</p>
<p>What gets reduced first are the loans. Then the grants. However, if you still have financial need, none of it will get reduced until you meet your budget, in other words, your financial need.</p>
<p>@theonly1: you seem to be a new student. Are you certain about this?</p>
<p>^UCSD’s financial aid website ( [About</a> Undergraduate Scholarships](<a href=“http://students.ucsd.edu/finances/financial-aid/types/scholarships/index.html]About”>Scholarships) ) says:</p>
<p>If you receive scholarship(s), they may replace your other financial awards in the following order:</p>
<ol>
<li>Work-study</li>
<li>Perkins Loan/University Loan</li>
<li>Parent PLUS Loan</li>
<li>Direct Subsidized/Unsubsidized Loan</li>
<li>Grants</li>
</ol>
<p>Scholarships that replace work-study reduce the number of hours you need to work, and those that replace loans reduce your future loan debt.</p>
<p>Scholarship money does not reduce your expected family contribution (EFC).</p>
<p>Okay thanks . That specific replacement order information was the exact thing I was looking for.</p>
<p>I am a new student, but I just came back after spending a week at UCSD and talking to many offices, including the lady in charge of financial aid. But yes, Loans/Work Study go first is what she told me.</p>