Aid Adjustments and Outside Awards
Awards, such as a scholarship from a church, corporation or
fraternal organization can be very helpful in defraying some of the
costs of college. These outside resources may affect the amount of aid
the student receives from the school, but they are typically considered
as a replacement for the least desirable form of assistance.
If the outside resource (scholarship, grant, etc.) has been
reported to the Financial Aid Office prior to the creation of a
financial aid award, it will normally be taken into account when the
financial aid award is made. In this situation, the outside resource will
be named on the award letter; that way the student knows that the aid
has already been adjusted to account for the outside award. Students who
receive a financial aid award that does not show a known outside
resource should report the outside resource
to the Financial Aid Office immediately.
If the financial aid award from UW-Stevens Point is made without
knowledge of the outside resource, an adjustment of the financial aid
will be made as soon as it is reported to the Financial Aid Office and a
financial aid adjustment may be needed.