<p>For Dartmouth what's their policy on outside scholarships? First they take out loans, then work study, but after that do they take the money out of the grant or out of the parental/student contribution? (I'm talking about the scholarships that one has to report to the school, obviously the personal check scholarships can be used to cut PC/SC). </p>
<p>Thanks,
Mike</p>
<p>They take money out of the grant. It doesn't make any sense to take it out of the parent/student contribution because the point of the scholarships (Dartmouth and outside) is to cover the difference between tuition/room and board and parent/student contribution.</p>
<p>I asked that same question in the Finaid forum a few weeks ago. Perhaps it'll help <a href="http://talk.collegeconfidential.com/showthread.php?t=153207%5B/url%5D">http://talk.collegeconfidential.com/showthread.php?t=153207</a></p>
<p>Your outside scholarship will first reduce the self help portion of your financial aid package (work study & loans) after that it will reduce the grant/scholarship portion given by the school</p>
<p>How will my financial aid award be adjusted if I receive an outside scholarship? </p>
<p>Students who receive scholarships from external sources can use these funds to reduce the loan and/or job portions of their financial aid packages. If the outside scholarship is greater than the self-help level, the family responsibility can also be reduced to the federal level. (In most cases, outside scholarships do not reduce the Dartmouth family contribution.) Alternative student loans can be used to replace the self-help component (job and/or loan) of the financial aid package or replace the family contribution.</p>
<p>So could I take out an "alternative student loan" and then get that replaced by scholarships (essentially getting rid of some EFC)?</p>
<p>probably not</p>