<p>How much is the Medal actually worth? The literature says at least 15 thousand per year. When the actual award determined? Assuming of course that the winner applies and really wants to go there. Is it calculated with the admissions/ financial aid determination? thanks.</p>
<p>The minimum is 15K each year, with NO GPA maintenance requirement (I am aware of several students losing scholarships at other schools bc they didn’t hit the mark with grades). I believe that if you chose to stay there and get a masters they will give you the scholarship for a fifth year also. Most I’ve heard is about 30K as a medal amount. You get the amount with other financial info.</p>
<p>It is a minimum award. If you get in, based on the strength of your application, the award may or may not go up. It works well for adding it to the honors.</p>
<p>I know of two cases a year ago where one got absolutely no bump and the other got a lot more money and is finishing up freshman year.</p>
<p>Do you have to (or is it beneficial to) apply early with the medal?</p>
<p>thanks</p>
<p>I don’t believe so. ED usually results in a lower award since ED students are locked in and are expected to show up.</p>