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If my child receives need-based aid, won a merit award just get subtracted from the need-based aid offer?

April 26, 2017aid award child merit need-based Offer subtracted

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If my child receives need-based aid, won a merit award just get subtracted from the need-based aid offer?

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In some cases colleges subtract the outside award from the whole package, thus reducing loans and self help as well as grants, while others subtract outside awards from loans and self help only.