<p>That a college that i got accepted into pays all of my tuition and etc because my family earns under 60k...
and i got a full ride scholarship that pays whatever is needed...
but the dilemma is i don't need to pay for anything since the college pays for all of it...
what will happen to my scholarship yo? :o</p>
<p>A scholarship based on financial need is intended to help you meet your financial need. It doesn’t cancel itself out by meeting your need. It’s not like you could attend without it… so your need isn’t going to go away.</p>
<p>Just FYI though, the colleges with the most generous need based aid will expect you to contribute. They’ll expect a contribution from summer earnings, and work study income (which you earn with a part-time, usually on-campus, job during the school year) will be part of the aid award you’ll receive. Most colleges, too, will make loans part of your aid award.</p>
<p>the correct answer is it depends on the terms of each scholarship. And there are different terms for every scholarship. Some have no “cash value” and are only really fee waivers. Others are actual cash that is sent to the school, but in the terms state specifically to the school that excess funds over XXX (list specific costs here) are to be sent back to them. Other scholarships do have a cash value and are refundable to the student once the school gets them and other scholarships (rare) go right to the student. </p>
<p>There you go… read the terms of the scholarship… most of the time you won’t have the full requirements until you actually WIN it! LOL</p>
<p>Are you saying that you have a private full ride scholarship, so you’re wondering what a full-need school will do?</p>
<p>If you have a private full ride scholarship, then you won’t have much need, and your school will give you much less. Full ride scholarships don’t usually cover the entier COA, so you could still have some need that your college would cover.</p>
<p>
</p>
<p>Congratulations…It sounds like you possibly could have your choice of how to pay for college.</p>
<p>Look at the terms of both awards and then choose the one that best meets your financial needs. If the school award is better…(and is likely to continue for all four years) you might want to consider that. If the outside scholarship is better and will continue for all four years…you might choose that.</p>
<p>If you choose the outside scholarship, you will need to let your college know. They will reduce your need based award from the college by that amount.</p>
<p>If you choose the school award, then please write a GREAT thank you to the outside scholarship folks…that says you will not be taking their award.</p>
<p>I’m thinking if you have a OUTSIDE full ride scholarship, and it is NOT school specific, that would be the choice you should take. That way IF you decide to transfer schools, you will still have a good amount of aid to take with you. It opens the doors for you to attend schools that do NOT meet full need. There are a LOT of colleges out there that are simply terrific that do not meet full need. If you turn this outside scholarship down now…my guess is you won’t have a chance at it again in future years.</p>