I have been very fortunate to receive more outside scholarship money than I need for my Freshman year. I would like to ask a few of the scholarships if they would allow me to defer the money until my Sophmore year, but I am having trouble figuring out how to do so- it almost seems rude. Does anyone have any advice or the right wording to use?
Thank you so much- I know this is a very ‘good’ problem to have, and I am so fortunate.
You are required to report outside scholarships to your college. At many schools this will result in reduced aid from the college.
Thank you for that, but that wasn’t my question. I am asking for advice on how to ask to defer receiving the money until next year. I have already reported every scholarship I have received to my school, and I am now very comfortable with how my combined aid looks for next year.
Just ask. If you have several one-time scholarships, tell the scholarship grantors that you are very fortunate received more than you can use this year, but that you’ll not have as much available for sophomore year. Ask if you can defer the amount to help with future costs.
A regular poster @CourtneyThurston has experience asking to defer scholarships. I would send her a message to ask what she did because I think they even let her defer some for graduate school.
Will the school refund the extra money to you? This is what happend at my D’s school all scholarships were paid to the school and then the extra funds were refunded to her. She opened a bank account at the schools cerdit union so she can keep her scholarship funds seperate from her personal money. If your school will refund the scholarships to you the only advantage of deffering might be for tax purposes.