How do scholarships affect financial aid packages?
An example of an AI chatbot conversation about the impact of scholarships on financial aid.
How do scholarships affect financial aid packages?
Scholarships can significantly impact financial aid packages by reducing the amount of need-based aid a student qualifies for.
Can you explain why that happens?
Certainly! When a student receives a scholarship, it is considered a resource that can cover educational costs, which may lower their demonstrated financial need.
Are there different types of scholarships that affect financial aid differently?
Yes, there are merit-based scholarships, need-based scholarships, and others. Each type can influence financial aid calculations in various ways.
What should I consider when applying for scholarships?
Consider the scholarship's criteria, how it may affect your financial aid, and whether it aligns with your academic and career goals.
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