<p>Go here to start your research [University</a> of Illinois Financial Aid: Private Outside Scholarships](<a href=“http://www.osfa.uiuc.edu/aid/scholarships/private.html]University”>http://www.osfa.uiuc.edu/aid/scholarships/private.html) You are requiired to inform the financial aid department of any outside scholarships, and they can reduce financial aid but they will apply first to reduce any “loan” aid given. Need based inancial aid for sophomore year is determined by finacial information you will need to submit later like you did for freshman year (in other words, it is determined annually based on financial data that exists at the time.</p>