Generally they will reduce the amount of your tuition award by the amount of the scholarship. Then the scholarship funds are reallocated to another student, in theory at least.
It depends on the program. My program also guarantees tuition + stipend for as long as I'm in good academic standing. My program's policy: If I get outside funding for a year, I get either my regular stipend + $2000, or the total amount of the award, whatever's bigger (yay!). So, if my stipend was $10,000 and my award was only $8,000, the university would take my external funding and I'd get paid $12,000 for that year ($8000 from my external funds and $4000 from the university). They use the remaining $6,000 they would have spent on my stipend that year to do... other stuff. If my award was for $13,000, I'd get all $13,000 straight up from my external funding, and the university would put my $10,000 of expected stipend toward other stuff.
I would ask your program for the specifics of how they deal with such things, as I imagine they all differ.
Where I'm going, the school just takes the money they would've spent on you, but it makes it probably that you'll be able get funding for a year past the guaranteed number, and a lot of people wind up needing an extra year or two beyond five to finish the degree. Might as well check.
Comments 9
Reply
Reply
Reply
Reply
Reply
I would ask your program for the specifics of how they deal with such things, as I imagine they all differ.
Reply
(The comment has been removed)
Reply
Reply
Leave a comment