Do I Have to Report Outside Scholarships I Receive?
Yes. Federal regulations and college policy require that Scripps consider any private/outside scholarships and other awards as part of your financial resources. You must inform the Scripps Office of Financial Aid of your award by filling out the Private Scholarship Information Form if or when you are notified of any scholarship award from National Merit, local or civic organizations, tuition grants from employers, or other sources.
Will My Outside Scholarship Award Affect My Financial Aid Award?
If you receive an outside scholarship at any time before or during the academic year, you must notify the Scripps College Financial Aid Office. Federal, state, and institutional regulations require the Financial Aid Office to consider all student and parent income, assets and outside resources when determining your eligibility for financial aid. This includes any scholarships or other financial assistance (e.g. Employer Sponsored Tuition Grants) you may receive from any source.
Institutional policy states that outside scholarships will first replace the student’s self-help (loans and/or work study) awards where available, thus reducing the amount a student may need to borrow or work. Following the reduction of self-help aid, we will also allow outside scholarships to help cover your minimum student income contribution. If the total of your outside scholarship(s) exceeds your self-help awards and student contribution, we may be required to reduce other forms of aid including Scripps Grant.
Outside scholarships and other financial assistance may not be used to replace estimated parent contributions.
Outside scholarships and other financial assistance will be coordinated into financial aid packages by dividing them equally across both semesters in the academic year. If you have uneven costs, you may request an adjustment.
