How do scholarships affect student debt?
An example of an AI chatbot conversation about the impact of scholarships on student debt.
How do scholarships affect student debt?
Scholarships can significantly reduce student debt by covering tuition and other expenses, minimizing the need for loans.
What types of scholarships are available?
There are merit-based, need-based, athletic, and departmental scholarships, among others.
Do scholarships affect financial aid eligibility?
Yes, receiving a scholarship may impact your eligibility for other forms of financial aid, depending on the total amount.
Can scholarships cover living expenses?
Some scholarships do cover living expenses, but many are specifically for tuition and fees.
What happens if I don't use all of my scholarship funds?
Unused scholarship funds may be returned to the provider or applied to future semesters, depending on the scholarship's terms.
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