Merit Scholarships Matter? Take away from Fin Aid?

Paying for College
1

<p>Hey guys,</p>

<p>I just got a Chancellor's Scholarship for $8,000 per year to my ED school. The school has $50,000 in payments I would have to pay. Now I'm happy, because I didn't think I would get any scholarships. However, I am wondering if the college is going to consider my scholarship and give me less money in fin aid.</p>

2

<p>Your merit scholarship will be considered when your need based aid package is awarded. You will have less need as a result of the scholarship. How you are affected really depends on your financial situation. Scholarships are never a bad thing!</p>

3

<p><a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/624024-ed-decision-shot-down-financial-aid.html[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/624024-ed-decision-shot-down-financial-aid.html&lt;/a&gt;&lt;/p&gt;

<p>Check out this thread to have an idea. You can always call the FA office and ask them about their policy.</p>