Will I lose some financial aid if I receive an outside award/scholarship?General Financial Aid
If you have been awarded a scholarship from an outside source, congratulations! These funds will help you to reduce your educational expenses.
Dartmouth will allow you to use these funds to reduce or replace the employment component of your award. If your award includes a leave-term earnings expectation as part of your Student Contribution, outside scholarships can also replace that amount. For students eligible for federal aid, if there is still a gap remaining between Dartmouth's EFC and the EFC calculated by the FAFSA, outside aid can also be used to reduce Dartmouth's EFC down to the federal level. It is rare, but there are times when a student's outside resources are large enough that we are required to partially reduce a student's scholarship award from Dartmouth in order to comply with federal and institutional awarding guidelines.
If you are concerned about how outside sources of aid will impact your Dartmouth financial aid eligibility specifically, contact us!