Scholarships and Your Finances

Q: Does receiving a scholarship affect other financial aid?

A: Receiving a scholarship may result in a reduction of other financial aid. That is because your total financial aid award from scholarships, grants, work study, and/or loans cannot exceed the cost of attending SDSU for the academic year (Cost of Attendance), minus your Expected Family Contribution. Your cost of attendance is the estimated amount that it will cost you to attend SDSU during the 9-month academic year. Costs include fees, books and supplies, food and housing, transportation, and miscellaneous expenses.

Q: What does “financial need” mean?

A: Financial need is the gap between the cost of attending SDSU and the contribution expected from the family and student’s resources. The Expected Family Contribution (EFC) is determined by the federal government based on the information you provide when you complete a Free Application for Federal Student Aid (FAFSA), or the California Student Aid Commision, when you complete the California Dream Act Application.

Q: Do I have to report receiving a scholarship to anyone?

A: Yes!
You must report any scholarship information to the Office of Financial Aid & Scholarships. If you do not, you might have to repay federal and state aid in the future.
You may need to report it to the IRS on your income tax filing for the year in which you receive the award.  Refer to the IRS website for more information.

Q: Can I postpone paying my tuition and fees?

A: Payment of your tuition and fees may have been postponed already because of federal or state financial aid you are scheduled to receive. Check your Tuition and Fee Payment Postponement status on AidLink.

If you are receiving an SDSU scholarship of an amount sufficient to cover tuition and fees, you may be eligible to postpone the payment until the funds are disbursed when classes begin.

If your scholarship is from an outside donor and the amount is sufficient to cover tuition fees, the Office of Financial Aid and Scholarships may be able to authorize a payment postponement once we receive your check from the donor.