{"id":304,"date":"2017-11-20T14:38:06","date_gmt":"2017-11-20T14:38:06","guid":{"rendered":"https:\/\/www.macalester.edu\/financial-aid\/outsidescholarships-2\/"},"modified":"2025-11-11T17:50:54","modified_gmt":"2025-11-11T17:50:54","slug":"outsidescholarships","status":"publish","type":"page","link":"https:\/\/www.macalester.edu\/financial-aid\/outsidescholarships\/","title":{"rendered":"Outside Scholarship Policy"},"content":{"rendered":"

You must notify the Financial Aid Office<\/a> if you receive scholarships or other sources of financial aid from non-Macalester sources. Macalester’s policy on the treatment of outside scholarships and awards is detailed below. Please note that outside awards do not affect merit-based scholarships from Macalester (DeWitt Wallace Distinguished Scholarships, Catharine Lealtad Scholarships, Macalester College National Merit Scholarships, and Charles J. Turck Presidential Honor Scholarships)*.<\/p>\n\n\n\n

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  1. The first $10,000 you receive in outside scholarships will not impact your need-based grants from Macalester.<\/li>\n\n\n\n
  2. If you receive more than $10,000 in outside scholarships, half of the amount exceeding $10,000 will replace need-based grants from Macalester.<\/li>\n\n\n\n
  3. After making the adjustment above, we will recalculate your Federal Subsidized Direct Loan eligibility (if applicable) based on your FAFSA results. In some cases, your loan eligibility and\/or student employment eligibility will be reduced if your total financial aid exceeds your cost of attendance.<\/li>\n\n\n\n
  4. We also may need to reduce your need-based grants from Macalester if your total financial aid exceeds your cost of attendance, even if your outside scholarships total less than $10,000. Students cannot receive grants and scholarships that exceed their cost of attendance.<\/li>\n\n\n\n
  5. See additional policy details below<\/a>.<\/li>\n<\/ol>\n\n\n\n

    *ACM TREP and ACTC DTAP are exceptions to this statement.<\/a> Merit scholarships from Macalester may not exceed $1,000 if the student receives one of these benefits. <\/p>\n\n\n\n

    Example<\/h2>\n\n\n\n

    An example of how an outside scholarship would affect an existing financial aid package is shown below.<\/p>\n\n\n\n

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    \n
    Financial Aid Package<\/strong>
    Before Outside Scholarship<\/strong><\/th>    		<\/th><\/tr>
    Macalester Need-Based Grant<\/td>$30,000<\/td><\/tr>
    Subsidized Federal Direct Loan<\/td>$3,500<\/td><\/tr>
    Unsubsidized Federal Direct Loan<\/td>$2,000<\/td><\/tr>
    Student Employment<\/td>$4,000<\/td><\/tr>
    —<\/td> —<\/td><\/tr>
    Total Financial Aid Package<\/strong><\/td>$39,500<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n
    \n
    Financial Aid Package<\/strong>
    After Outside Scholarship<\/strong><\/th>    		<\/th><\/tr>
    Macalester Need-Based Grant<\/td>$29,000<\/td><\/tr>
    Subsidized Fed. Direct Loan<\/td>$3,500<\/td><\/tr>
    Unsubsidized Federal Direct Loan<\/td>$2,000<\/td><\/tr>
    Student Employment<\/td>$4,000<\/td><\/tr>
    Outside Scholarship<\/td>$12,000<\/td><\/tr>
    Total Financial Aid Package<\/strong><\/td>$50,500<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n\n\n\n
    \n\n\n\n

    Why do non-Macalester scholarships affect financial aid from Macalester?<\/h2>\n\n\n\n

    Macalester provides financial aid packages that meet 100% of every admitted student\u2019s demonstrated financial need. Our commitment to financial aid is significant, and over ninety percent of the grants and scholarships delivered to our students come from our own funds. Most of the financial aid from Macalester is made possible by gifts from alumni and friends of the College.<\/p>\n\n\n\n

    But Macalester\u2019s financial aid budget is finite. We would not be able to provide full financial aid packages to all admitted students if we could not count on the help of outside scholarships, Federal Pell Grants, and state grants as part of meeting the needs of all students. Our aid program is built on the premise that all of these types of financial aid will work together to support our students.<\/p>\n\n\n\n

    At the same time, we recognize that students who win outside scholarships have often made extra effort to obtain them. For this reason, our policy allows most students to receive outside scholarships without affecting their need-based grants from Macalester.<\/p>\n\n\n\n

    <\/a>Additional Policy Details<\/h2>\n\n\n\n