Interested in possibly reducing the amount you need to borrow in a federal student loan?
Many local and national organizations offer college scholarships to students. Scholarship information can be as close as your local library. We encourage students to investigate as many alternative funding sources as possible. Depending on a student's financial aid award, outside scholarships can reduce a student's debt burden and/or work commitment.
Wheaton's policy on outside scholarships
Per federal regulations and college policy, all outside scholarships are considered when determining financial aid eligibility. Students who are applying for financial aid are required to list the amounts of all outside scholarships awarded from a source other than the college on both their Free Application for Federal Student Aid (FAFSA) and the CSS Profile applications.
Students who are awarded an outside scholarship after they have completed their FAFSA and CSS Profile and are receiving need based financial aid from the college, are required to notify our office upon notification of the scholarship award.
An outside scholarship will first replace any unmet need based on the student's need-based financial aid eligibility determined by the College.
If a scholarship award exceeds the amount of unmet eligibility, the student's "self-help" portion of their financial aid award (work-study and/or student loan) will be reduced.
In a situation where all financial need is met and all self-help has already been eliminated an additional outside scholarship will result in a reduction of the grant portion of a student's financial aid award.
Suggested Scholarship link: