McDaniel students are incredibly academically competitive and high-achieving, and for that reason, a significant number receive scholarships from organizations other than McDaniel. It is important to understand how outside scholarships impact your financial aid and how they can become an important part of your financial planning.
How Is Your Aid Impacted
Students who will receive an outside scholarship that will assist them in paying their education related expenses (tuition, room, board, books, travel, miscellaneous and personal expenses) must report that information annually to the Financial Aid Office. You do not need to include gifts from friends, relatives, or scholarships awarded to you by McDaniel College or the Maryland Office of Student Financial Assistance.
Outside scholarships can affect a student’s existing financial aid package. Typically, this happens only if a student is receiving a large number of scholarships that exceed the cost of the student’s tuition, room and/or board. Students in this situation will usually see a reduction in the amount they can borrow in a Federal Direct Student or Parent PLUS loan. Students cannot receive two scholarships that cover the same expense in its entirety or when combined exceed that expense. For example, a student cannot receive two tuition scholarships that exceed the cost of tuition. To find out if an outside scholarship will change a student’s financial aid or scholarship offer, please feel free to contact the Financial Aid Office.
Third-party Scholarships and Grants
Below is a list of some scholarship websites incoming and current students can explore to find additional funds to apply toward their educational expenses. This list is not comprehensive as there are many other organizations and sites which provide information on third-party scholarships. This list should be used as a tool for starting the scholarship search process. When searching for third-party scholarships, remember that you do not have to pay to find scholarships or other financial aid. If you have any questions about your application or the selection process, please reach out to the organization.