50% of student who are awarded private scholarships experience scholarship displacement
Scholarship displacement is when something your teen has been offered (awarded) by their college is taken away, dollar for dollar, because your teen has brought in additional scholarships. The premise is that, You no longer have the same "need."
(1) Most colleges will not remove/displace a merit scholarship, but some do, because in their calculations, the college's money/scholarship are the LAST dollars to fill your college cost bucket. You must read the financial aid and scholarship pages carefully.
Most of the time, what is removed with scholarship displacement goes something like this.:
In each example, let's say the student won a local scholarship for $6000.
(2) 62% of schools reduce institutional grants.
If the college is offering a need based discounted dollar amount, they will reduce that amount by the amount of your scholarship. If the college grant/discount is $20,000 then...
50% Complete