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Channel: Financial Aid & Scholarships — College Confidential
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Why do I have to report scholarships?

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Hello! I am a graduating senior attending University in the fall, and I have won several private scholarships to help me pay for it. I was not eligible for any grants or scholarships from my school, so I found some myself and earned $2500. However, I noticed that on my school's financial aid page it asks you to report any additional scholarships you may receive. Why is this? And is it required? I'm asking because I would rather contribute that money to expenses like a new computer or textbooks, rather than tuition or anything directly through the university. Thank you!

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