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People also ask
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Can you get a scholarship and FAFSA at the same time?
Can you get a scholarship and financial aid at the same time? Yes, since scholarships are just another form of financial aid, you can receive one (or several) alongside other types of aid like work-study, grants, and student loans.
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How does FAFSA help with scholarships?
The FAFSA is the official form that students or their families use to apply for financial assistance for college from the federal government. States, individual colleges and universities, and private scholarship programs rely on the information provided in the application as well.
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What happens to my financial aid if I get a scholarship?
The best-case scenario is for the school to use the scholarship money to replace loans, since that means you'll ultimately have to borrow less money for school. If your financial aid office decides instead to reduce your grant award, the amount you need to borrow won't be affected.
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Is Edvisors a legit website?
For more than 20 years Edvisors has been known as one of the largest and most trusted resources to help you find your path to success. Everyone needs to find their own path, and we know that first-hand.
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Can you get financial aid if you get a scholarship?
You may receive less financial aid If your total financial aid package—including outside scholarships and need-based aid—comes to more than $300 above your calculated need, your college must reduce the amount of need-based aid you receive.
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Does FAFSA affect school scholarships?
College scholarships. Institutional need-based financial aid uses the information students submit through the FAFSA to determine eligibility. Some merit scholarships won't require the FAFSA, but there are schools that won't consider the student for their awards if they didn't complete the form.
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Does financial aid affect scholarships?
It's a great question, and we've included a detailed response below. The short answer is that, in most cases, a scholarship won't affect the financial aid offered by a college. Instead, it will help to cover costs not already paid for by financial aid, and is therefore of great benefit to the student.
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Are student loans and scholarships both considered financial aid?
Financial aid is money to help pay for college or career school. Grants, work-study, loans, and scholarships help make college or career school affordable. Check out this video to learn about federal grants, loans, and work-study jobs and how they can help fund your education.
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