How Colleges Apply Outside Scholarships to Financial Aid Packages: Internal Reduction Order, Overaward Controls, and Packaging Logic
Key Takeaways Outside scholarships are treated as new aid lines that must fit within COA caps, need rules, and overaward controls. Most schools follow a reduction order: replace loans/work-study first, then institutional grants, unless policy or donor restrictions override. Timing matters: “award letter view” and “student account posting” are different layers that synchronize in scheduled … Read more