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4/30/2007
An April 27, 2007 USA Today article explains that private scholarships may impact the financial aid package that a student receives from the college. Students who receive scholarships must report them to the financial aid office of their college. If a college is informed about an outside scholarship after the student's financial aid package has already been determined, the aid package may need to be altered. Each college has its own way of factoring private scholarships into aid packages, so students are encouraged to contact their college's financial aid office for specific details.
The article is available at the USA Today Web site.
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