Too Many Scholarships

<p>What happens if you have too many scholarships won, and after you have paid for everything includings books and fees you still have excess money. Do you get to keep the money, does the university put it aside for the following year's payment, or do you have to spend it all during your semester their, on lets say food or software?</p>

<p>I wish I had your problem. My problem is that I have not received any scholarships and am going to be broke for the rest of my earthly life.</p>

<p>lol yes, that is a very good problem to have there high_flyer.</p>

<p>I would say it depends. Some scholarships will write the check only to the school, while others to you. If it's you, then I say it's next years book money. If not, I'm really not too sure.</p>

<p>You can give it to me.</p>

<p>My son attends a public school and his scholarships exceeded the amount he owed this year. He received a "change check" from the University for the excess amount.</p>

<p>donate it to the students on this board</p>

<p>My son decided to take a couple online summer classes and use the extra funds toward that, but believe me, we recognize that he is very fortunate to have been afforded such wonderful opportunities.</p>

<p>Yeah, I have everything paid for, where I'm going, but I just found out I won the Walmart Associate scholarship for $2,000, and it says on their website I'll get the check, but it'll be made out to the school. What will happen to this money?</p>

<p>Each school has a different policy. Some reduce loans and work study first, then grants last. Some do nothing until the scholarships add up to total costs, preventing you from 'profiting'.</p>

<p>Go to the fin. aid sections of your school's web sites. The policy is usually there.</p>

<p>May I ask, how were you notified of the walmart scholarship?</p>

<p>Consider asking if you can use the funds to purchase a laptop. Some schools will add this to the cost of your attendance.</p>

<p>sharry, my mom works at Walmart, and found out from some coworkers at a meeting. But seeing as how all my scholarships already are over the total COA, I don't know.</p>

<p>There is no such thing!</p>

<p>Our experience is that you cannot get more than the COA at your school (your school should have a stated COA that includes tuition, room, board, books, insurance, fees and incidental expenses). The way to get the extra money is to raise your COA. That can be done by purchasing a computer, doing research that cost $$, study abroad, etc. You will also have to watch and make sure that the scholarship does not stipulate that money is used only for a certain thing. My recommendation is to find a good financial aid/merit aid person at the university and whenever you have an expense, talk only to them - that way they know you and your situation. Sometimes you may have to write to the scholarship program and request that the money be used for something different than what it specifies. Sure, that's a pain, but for the money they give you, it is definitely worth it!</p>

<p>Congratulations, you must have quite a future ahead of you!</p>

<p>there's no such thing as too many scholarships</p>

<p>just be glad.</p>