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What happens to the money that is awarded but not accepted because students decide to go to another college?

April 26, 2017college decide happens money students

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What happens to the money that is awarded but not accepted because students decide to go to another college?

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With the exception of the Pell Grant for undergraduate students and loans, funds are re-awarded to students attending Baylor University who are on the waiting list for those funds. Awards do not transfer from one school to another. Students must reapply at their new college.