Outside scholarships are added to the financial aid award already offered by St. Olaf. However, when a student has a need-based award, college policy and federal regulations may require us to make adjustments to the aid award. If aid award adjustments are required, adjustments will be made first to the Federal Student Loan component of your aid award. If further reductions are required, student employment would then be reduced.
In cases where outside scholarships exceed the amount of your loan and student employment, and the student’s costs are fully funded, your St. Olaf Grant may be reduced. This is very rare and please feel free to contact our office if you think this will be applicable to your situation.
In all cases, outside scholarships improve the financial aid package by increasing the total grant and scholarship dollars in your award and may reduce student loan debt.
Please click the following link for more info on Outside Scholarship Databases.