2024-2025 Outside Scholarship Reporting Form

2024-2025 Outside Scholarship Reporting Form

Simmons University follows federal regulations when awarding and adjusting financial aid packages. When a student receives an outside scholarship, they are first used to meet any unmet need the student has. Unmet need is determined by subtracting the Student Aid Index (SAI) - capped at $0 - and all need based aid from the cost of attendance.

If there is no unmet need, need based self-help funds (subsidized loans and work-study) are reduced/replaced as necessary to avoid an over-award situation. If all need-based self-help funds are replaced, need-based grant will be reduced/replaced to avoid an over-award situation. The combination of outside funding and other non-need-based funding cannot exceed the total cost of attendance.