
The Family Scholarship Two $4,750 Scholarship, Not Form
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People also ask
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What happens to my extra scholarship money?
If there is some left over, your school might send the unused money in a refund check. If they do, you can't turn it into personal cash. Scholarships are awarded for specific educational expenses, so you can't use leftover funds for other things, like vacations or clothes, unless the scholarship guidelines allow it.
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What happens if you get more than one scholarship?
Keep in mind that the total you could be awarded is likely restricted to the cost of attendance at your school (meaning, for the most part, you need to use the scholarship money you receive to pay for tuition and other school-related expenses), but beyond that, there are no limits.
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What happens if your scholarship is more than tuition?
If you earned scholarships and grants that add up to more than your total cost of attendance, your school may send you a refund of the leftover scholarship money. Keep in mind, you may have to pay taxes on that amount.
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Can you combine two scholarships?
Yes, you can hold multiple scholarships at once. Just be sure to do your own research.
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Do you have to pay back the NYS Excelsior Scholarship?
Your award will be prorated when calculating your loan amount. If you received awards for four years and resided in NYS for three years, you will be required to repay one-fourth of the award as a no-interest loan. If you relocated due to an allowable hardship, your loan conversion may be waived.
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What happens if you get more scholarships than you need?
If your scholarships exceed the cost of tuition, you will typically get a refund check that can be used for other educational expenses - room, board, books, fees, supplies, etc. You will likely pay taxes on this amount as income.
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What happens if you get multiple scholarships?
Keep in mind that the total you could be awarded is likely restricted to the cost of attendance at your school (meaning, for the most part, you need to use the scholarship money you receive to pay for tuition and other school-related expenses), but beyond that, there are no limits.
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Is it possible to stack scholarships?
You absolutely can and should combine scholarship money from various sources. Although full-ride scholarships, which cover the entire cost of tuition and fees, are helpful, they are incredibly competitive, so there is no guarantee that college students can get the funds they need this way.
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