Reporting Outside Scholarship(s), State Grant or Employee Tuition Benefit
Wesleyan University Outside Scholarship Policy:
Outside scholarships, state grants, and employee tuition benefits received as a result of a parent’s employment, are required by federal regulation to be considered a part of the financial aid award. Since Wesleyan’s policy is to meet the full financial need of a student, when Wesleyan becomes aware of outside funding/resources, the student's aid award must be adjusted so that the total aid does not exceed need. The addition of these resources will result a reduction of the self-help portion of the financial aid award that may include student loans, federal workstudy eligibility, or health insurance costs (if applicable). Please allow 8-10 business days to receive notification of adjustment to the financial aid award.
- In acknowledgement of the achievement of winners of merit-based outside scholarships, the University will first make appropriate adjustments by replacing self-help aid dollar for dollar.
- Unless otherwise indicated by the student, the adjustment will be made to packaged loan eligibility first.
- Students may also request that adjustments be made first to federal workstudy eligibility.
- Students who purchase the university health insurance plan may also request that outside scholarship funds be used towards this additional cost after the expense is charged to the student account.
- Merit based scholarships in excess of self-help will reduce Wesleyan gift-aid.
- Awards not based on merit (such as employee tuition benefits) will reduce self-help only by the first $1500. All amounts over $1500 reduce Wesleyan gift-aid.
- State grants will reduce Wesleyan gift-aid dollar for dollar.