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How does scholarship awards affect your financial aid?

Jizohn E - 2008-12-04 16:23:28 - Financial Aid

There is a book award scholarship at Chabot College that offers up to $300 dollars. However, it is a federal regulation that any possible money awarded to me will affect my financial aid. So how in all does it affect my financial aid? I think its If I receive $300 dollars from the scholarship, does it subtract $300 from my financial aid? If so, what is the point to doing it? But more than likely, that's not how it should work, correct me if I am wrong.

Best Answer:

Based on the information that you provided, no the $300 scholarship should not effect any of your current financial aid. Be sure to check with your schools financial aid office to be sure.

Answers:

Based on the information that you provided, no the $300 scholarship should not effect any of your current financial aid. Be sure to check with your schools financial aid office to be sure.