Yes. If you're getting almost any educational funding from college or federal government sources, you need to report the scholarship into the educational funding workplace.
Unfortuitously, the college will adjust your school funding package to compensate. However, the scholarship that is outside possess some useful results. At some universities outside scholarships are accustomed to decrease the self-help degree. The outside scholarship is first applied to reducing the self-help level, and only when the scholarship exceeds self-help does it replace institutional grants for example, at MIT. At other universities outside scholarships are acclimatized to change loans in the place of funds.
Phone the Federal scholar help Suggestions Center (FSAIC) (if hearing reduced) and request a copy that is free of scholar Guide: school funding through the United States Department of Education. This cost hotline that is free run because of the US Department of Education and will respond to questions about federal and state pupil help programs and applications.