<p>Is it advisable to state the scholarships you are receiving to college that you are going? Or would the college reduce your financial aid to compensate for the new scholarships that you are getting from third party sources?</p>
<p>In most cases, it is mandatory to tell the college about any outside scholarships. Each school awards their own aid according to their own policies. Many schools will reduce self-help aid such as loans and work study first.</p>
<p>So, even after you submit your fafsa and you get accepted, you have to tell them about your scholarships? Bc aren’t most scholarships deadlines not until after the acceptance/rejection notification?</p>
<p>Yes, if the college finds out you got unreported scholarships it’s often a violation of their honor code and can result in dismissal. Scholarships reduce your need. The first things most colleges reduce are loans and work study, not grants. Many scholarships send the money directly to the college.</p>
<p>Also if you receive federal aid you would be in violation of federal requirements if you do not report scholarships. Your total EFC + scholarships + need based aid is not supposed to exceed the COA of the school you are attending.</p>