National merit with financial aid at vandy

So ive been admitted to vanderbilt with a financial aid package that covers all of my direct expenses but I am also a national merit finalist. Can I use vanderbilt’s $5000 national merit scholarship to cover my indirect costs ($5500) or will it be subtracted from my financial aid and used for tuition or something of that nature?

Your national merit scholarship will first go to pay back need-based aid. Note though, that the first part it pays back is the work-study portion, so it’s still beneficial.

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