Reporting Outside Awards
Students who will receive an outside scholarship, grant, loan, or other resource (including employer tuition benefit payments) 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.
In certain cases, the Financial Aid Office may request additional documentation to verify that the outside award information reported is correct.
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 Student Financial Aid Office.
Students can report outside awards by following the steps below.
Instructions to Report an External/Outside Scholarship
- From the Financial Aid Self Service checklist, select the Financial Aid tab at the top of the page.
- From the drop down list of options, select “Report/View Outside Awards”. The Outside Awards screen will appear.
- Select “Add an Award”
- In the boxes provided, please include the information requested and select “Add Award”.
Award is the name of the award received. For example, The ABC Foundation Scholarship.
Award Type is either scholarship, grant, or loan. If you are unsure as to what type of award you received, please contact the Financial Aid Office for assistance.
Funding Source is the name of the organization providing the award. For example, the ABC Foundation.
Award Amount is the amount of the award for the academic year. If the award is only for a single semester, please provide the amount and contact the Financial Aid Office to provide additional details about the semester that should be credited with the scholarship.