What happens to unused scholarship money?

<p>Lets say I apply to several scholarships and my tuition is less than what they have awarded me. Do they give me that money? I am going to study abroad and worry about how I will pay for other things...Any information about unused scholarship money?</p>

<p>Part of your answer will depend on the regulations tied to the scholarships. If they are strictly to cover tuition, then the money will either be taken away or be sent back to the scholarship organization (if it came from an outside agency). If the regulations state that the funds can be used for tuition, room, board, fees, books, living expenses, etc, (and the total in awards has not exceed your Cost of Attendance), the excess funds would be paid to you. If some of the scholarships cause your overall aid to exceed your cost of attendance, the overage will be taken away or sent back to the scholarship organization.</p>

<p>Just confirming NikkiiL - this is what happened to me. I got an institutional scholarship that covered my tuition, fees, room, and board, but I also received several outside scholarships. The HOPE scholarship was just for tuition, so they sent that back. However, the National Achievement Scholarship and the Governor’s Scholarship could be used for anything, so I got those in the form of a refund check once my financial aid account had cleared.</p>

<p>If you are going to study abroad and win external scholarships the year that you do study abroad, the college will factor in the cost of your study abroad and adjust your COA to allow you to accept those external scholarships. I got a couple of external scholarships to pay the difference between my existing financial aid and the cost of the program.</p>