How are outside scholarships treated?
If you receive an outside scholarship and you have already been
awarded other aid, we will follow these procedures:
The outside aid will be added to the existing award upon receipt
of the funds provided that the total of the outside aid and
existing award do not exceed demonstrated financial need.
If financial need is exceeded when the outside aid is added to
the existing award, the existing awards will be reduced in the
following order until the amount in excess of need is
- Federal Direct Stafford Loan
- Federal Work Study
- Rose-Hulman Work Opportunity
- Federal Supplemental Education Opportunity Grant
- RHIT Gift Aid