Outside Scholarship

Colleges and Universities A-Z University of California - Los Angeles
1

<p>I just received a scholarship from my CC. It's not a large amount, just $500. (I'm not complaining, I'm just stating the situation.)</p>

<p>How do I report this to the financial aid office, and what are they going to do? Are they going to decrease my aid dollar for dollar? I'm just a little confused cause I already submitted my eFAN and had my unsubsidized loan processed and everything. </p>

<p>Hopefully they don't cut anything, but if they must I hope they cut the work-study instead of the gift aid :D</p>

2

<p>Depends to whom the scholarship check will be written to. The sender could choose to write it to UC Regents in favor of your name/student ID. That would be processed towards FAO. If you are fully funded, then your other aides will decrease. I belive you can always update your eFan, but since you processed your loans, I'm not sure about what happens.</p>

<p>I think they cut work study before they cut loans.</p>

<p>If you get the check written to your name (to no college source) then take it as a paycheck.</p>

3

<p>Thanks Boelter, seems like you're always the one answering my questions :P</p>

<p>The check's made out to me, with no indication of any school.</p>

4

<p>CC gave you a scholarship!?!!? LOL I'm just kidding.</p>

<p>If the check is written straight to you, then I think you can get by without reporting it on your efan.</p>

<p>I got a check for some scholarship too, and it was made out to me, just like in your situation. I just deposited it and that was it.</p>

5

<p>Usually scholarships from big organizations (and smart ones) send checks directly to the school (or an indication towards your student account).</p>

<p>They want to make sure the fee is genuinely proceeding towards tuition/school expenses, and not for a $1000 flatscreen TV.</p>

<p>So you're lucky on this one!</p>

6

<p>well, if a big scholarship is made out in your name, it may be better not to report it. i have a $40,000 scholarship ($10k per year), and I only had about $6,000 in loans. If I had reported it to UCLA, they would've used the $10k to cover the loans AND university grants. UCLA would reduce the amount of university grant money they would have to give me.</p>

7

<p>I wouldn't mind if they used it to cover the loan (since it's only like 10% of the money I have to borrow, LOL), but the thing is I've had my loan processed already. It would suck if they took it out of the UCLA scholarship. The work-study, I wouldn't mind so much.</p>

8

<p>hmm if we already reported scholarships (about 6k-ish) should we cancel our outside scholarship report? im worried that it will reduce my financial aid now..</p>