Outside Scholarships

Most of our students qualify for merit scholarships available from outside scholarship sources. About $950,000 in such outside awards come to the College each year. Many announcements about these awards are not made until June; we will coordinate that new resource into our aid offer at that time. Be sure to keep us advised when you receive outside support.

The Internet may be a helpful tool in identifying scholarship opportunities, www.fastweb.com and www.collegeboard.com offer free searches of their large data bases of scholarship opportunites.

Prospective students should check with their high school's college counseling office for information about local community civic or club scholarships. Some employers offer scholarships to children of their employees, so check with parents' employers. Religious organizations may offer scholarships to their members, so ask there as well.

How Outside Aid Impacts Financial Aid Awards

In late spring, first year students will receive an email from the Financial Aid Office, with a survey to complete; listing any outside scholarships you have been awarded. At that time, we will update your Financial Aid award and notify the Student Accounts Office that you are expecting these funds. If these amounts should change, please notify the Financial Aid Office immediately.

We will use these new funds to first replace your expected summer work contribution, which is $2,000 for your first year and $2,500 each subsequent year. After that funding is exhausted, we will then replace your campus job opportunity funding, which is listed as $1,960 on your award. You will still be able to work on campus, if you choose. Should the total of your outside scholarships total more than both of these resources, $3,960 for your first year and $4,460 for each subsequent year, then we will reduce your Swarthmore Scholarship to allow room for this resource. Please keep in mind that outside aid will not replace parents’ contribution, since that figure represents parents’ capacity to contribute from their income and assets.

 

Example 1: If a first-year student were to receive a $2,500 outside scholarship:
Aid Type Original Award Adjusted Award
Swarthmore Scholarship $47,450 $47,450
Campus Work Opportunity $1,960 $1,460
Merit based Local community scholarship $0 $2,500
Total Aid Award $49,410 $51,410

1.  The first $2,000 of the $2,500 outside scholarship reduces this first-year student's summer earnings expectations of $2,000 (no visible change to the financial aid award).

2.  The $500 remaining of the outside scholarship then reduces the Campus Work Opportunity by $500 from $1,960 to $1,460.

3.  The overall $2,500 of the outside scholarship is noted in the adjusted financial aid award.

4.  This increases the total financial aid award by the net difference of $2,000 from $49,410 to $51,410.

 

Example 2: If a first-year student were to receive a $4,000 outside scholarship:
Aid Type Original Award Adjusted Award
Swarthmore Scholarship $47,450 $47,410
Campus Work Opportunity $1,960 $0
Pickles Award-outside scholarship $0 $4,000
Total Aid Award $49,410 $51,410

1.  The first $2,000 of the $4,000 outside scholarship reduces this first-year student's summer earnings expectations of $2,000 (no visible change to the financial aid award).

2.  Then $2,000 remaining of the outside scholarship then reduces the Campus Work Opportunity from $1,960 to $0. Then the Swarthmore Scholarship by the remaining $40 from $47,450 to $47,410.

3.  The overall $4,000 of the outside scholarship is noted in the adjusted financial aid award.

4.  This increases the total financial aid award by the net difference of $2,000 from $49,410 to $51,410.

 

Currently Enrolled Sophomores, Juniors, and Seniors

Here are a few examples for currently enrolled students with a summer earnings contribution of $2,500:

Example 1: If you receive a $2,500 outside scholarship
Aid Type Original Award

New Award

Swarthmore Scholarship $47,450 $47,450
Campus Work Opportunity $1,960 $1,960
Pickles Award- outside scholarship $0 $2,500
Total Aid Award $49,410 $51,910

1.  The first $2,500 outside scholarship reduces this currently enrolled student's summer earnings expectations of $2,500 (no visible change to the financial aid award).

2.  The overall $2,500 of the outside scholarship is noted in the adjusted financial aid award.

3.  This increases the total financial aid award by the net difference of $2,500 from $49,410 to $51,910.

 
Example 2: If you receive a $4,000 outside scholarship
Aid Type Original Award New Award
Swarthmore Scholarship $47,450 $47,450
Campus Work Opportunity $1,960 $460
Pickle Award- outside scholarship $0 $4,000
Total Aid Award $49,410 $51,910

1. The first $2,500 of the $4,000 outside scholarship reduces this currently enrolled student's summer earnings expectations from $2,500 to $0 (no visible change to the financial aid award).

2. The $1,500 remaining of the outside scholarship then reduces the Campus Work Opportunity by $1,500 from $1,960 to $460.

3. The overall $4,000 of the outside scholarship is noted in the adjusted financial aid award.

4. This increases the total financial aid award by the net difference of $2,500 from $49,410 to $51,910.