Colleges and Outside Scholarship Policy

Question: At her high school awards night, my daughter received about $10,000 thanks to many private scholarships and awards. The intent of these awards was to help pay her expenses. Her college's policy is to deduct these from her self-help first then from institutional scholarships. Any ideas on how to keep the money from reducing the grant?

Congratulations on your daughter's awards. It's quite an honor for her to receive so many accolades, but--as you have already surmised--the prizes may be longer on praise than they are on actual dough, once the dust settles.

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