Scholarships are a great way to help pay for college tuition. Most scholarship organizations send the award directly to the university's financial aid office, so that it can be applied to your bill. You can also use the money for other expenses related to college, such as books, supplies, and housing. But what do you do when you receive a scholarship check made out to you? When you receive a scholarship check made out to you, the first thing you should do is
ask if you can apply it to the spring semester.
This is due to university policies, not federal laws or regulations. The Free Application for Federal Student Aid (FAFSA) includes an optional question about scholarships, which allows taxable scholarships to be subtracted from total income. Once you have determined that you can use the scholarship money for the spring semester, you should
stop by the treasurer's office and sign the college entrance check. This will ensure that the money is applied correctly and that you are not overawarded under federal regulations.
Refusing to declare scholarships to the university's financial aid office can be a violation of the university's honor code. If you are unsure of how to handle your scholarship check, there are some resources available. The Manual does not establish an affirmative requirement for fellows to declare their scholarships to universities, but it does provide instructions on how to handle each situation. Additionally, private scholarship providers may have additional information on how to use your scholarship money.
Scholarships are a great way to help pay for college tuition and other expenses related to college. When you receive a scholarship check made out to you, make sure that you follow all of the necessary steps in order to ensure that your money is applied correctly and that you are not overawarded under federal regulations.