Augustana College (IL)
Type of Institution: Private
Does this school practice scholarship award displacement?
How does this school displace outside scholarships?
Outside scholarships are considered a resource toward meeting federal need (as determined by the FAFSA) and cost of attendance (COA). Outside scholarships will be awarded/split evenly between fall and spring semesters and are not credited to your account until the check is received by Augustana College. Typically, your other grants, scholarships, federal work study, and federal loans will not be reduced if you receive an outside scholarship. However, awards will be reduced if the total aid from all sources, including loans, work, scholarships and grants exceeds federal need and/or COA. In such a case, aid will be reduced beginning with work, followed by loans, institutional grants and finally scholarships. Outside scholarships designated for tuition and fees only may result in grants and/or scholarships being reduced.
DISSCHOLARED Explanation: Augustana College practices scholarship displacement in several ways. First, Augustana says that typically grants, work-study, and federal loans will not be reduced after receiving an outside scholarship. Typically does not confirm scholarship displacement will not happen, the policy varies depending on a student's individual situation. Second, the college does state that any scholarships designated for tuition and fees only may result in grants and/or scholarships being reduced. Most scholarships are used for tuition and fees because the IRS only taxes scholarships if they are used for room and board, travel, etc.
Outside Scholarship Policy Website: https://www.augustana.edu/admissions/financial-aid/types-of-aid/outside-scholarships
HBCU, HSI, or TCU: N/A
October 25, 2023 at 8:07:23 PM