Stacking scholarships?

<p>Hi,</p>

<p>My daughter was awarded a Knight's Achievement Award. This award states, "While it is awarded in addition to any private scholarship funds you may receive, any combination of non-Florida resident tuition waivers cannot exceed 95% of your non-Florida resident tuition and fees."</p>

<p>Does this mean that she cannot stack her scholarships to cover tuition and room and board? I've written to the scholarship coordinator but I haven't heard back as yet. Just wondered if any student can shed some light on the meaning of this statement.</p>

<p>Thanks</p>

<p>i dont have an answer to this… but i dont see why, if your daughter deserved the scholarships, she wouldnt be able to use them just because it covers all her expenses? I am continuing to apply for scholarships and am hoping for all that I can get!</p>

<p>It depends on the funds awarded. If it is an academic or merit scholarship that does not shift with your efc, then I would say “Yes”, your daughter can stack scholarships. If your daughter receives “university grants or subsidized loans” based on your low efc, then the outside scholarships could reduce the “university grants” first and then depending on numbers, the subsidized loans. Best to check with the school.</p>

<p>Thanks all. I’m still waiting to here from UCF.
Btw, it is a merit scholarship.</p>

<p>Hi All,</p>

<p>I have emailed the scholarship office numerous times and have yet to get an answer. Does anyone have the phone contact?</p>

<p>Also, does the word ‘fees’ include room and board?</p>

<p>I am very interested to know how this is handled as well. </p>

<p>We are OOS. If the eligibility requirements stay the same for the next admissions cycle, we anticipate my D receiving the Knights Achievement Award as well. (She has a 4.0 GPA UW, 4.5-4.5 W, 35 ACT, good ECs & community service.) She plans to in major in theatre and their department website says that OOS theatre students are granted in-state tuition rates.</p>

<p>From the quoted sentence above, I interpret that to mean she (we) would be responsible for 5% of OOS tuition and fees (based on $19K=$1K), plus housing, books, etc. </p>

<p>And while UCF is one of her top choices, obviously the finances are a major factor. So we wouldn’t be finding out until April of senior year and you’d need to give an answer by May 1st…
Thanks for sharing whatever info you find out!</p>

<p>(407) 823-2827 for the Switchboard.</p>

<p>As for stacking scholarships, UCF will only grant one scholarship. Then they will grant loans and grants depending on your EFC from the FAFSA. If you have any other scholarship money from outside sources, they subtract from the grants you receive first and then the loans. </p>

<p>As for the whole in-state tuition rate + theatre thing, I would call the office as well and find out how that works. The Knight’s Achievement Award is supposed to help (presumably) with the high cost of OOS tuition. If she got the out of state costs waived, I’m not sure how it would affect the scholarship (if at all), but I would think it would…Worst case scenario is that she receives the highest in state tuition scholarship (Provost), which was 24k over 4 years for the Freshman 2012 class. I would certainly call though to find out how that works.</p>

<p>Well, actually, now that I think about it…It probably works like this: </p>

<p>$ 21,732 – current costs for 2012-2013 for OOS:</p>

<h2>- 10,000 – Knights Achievement Award annual award</h2>

<p>$ 11, 732</p>

<p>so the OOS tuition waiver could apply towards the $11K remaining, up to 5% of
$21, 732 = $1,086/ year … Which certainly isn’t bad at all.</p>

<p>From the sentence quoted by the OP, it doesn’t sound like you can do it the opposite way, i.e. take the OOS costs out first, leaving in-state tuition of $5806, then applying $10,000 to your account and so could also cover housing & meals. Which would be awesome! But then you’d be giving your OOS more scholarship money than your instate students, and that’s rare at a public university.</p>

<p>Hey, it is certainly nice to only have $1000 year tuition for OOS…</p>

<p>Again, this is just my interpretation of that initial sentence…</p>

<p>Thanks Ticks… Oh and we are in the perpetual Black Hole known as upper middle class, so we would not receive any federal financial aid, except for the usual unsubsidized student loan.</p>