Scholarships and Grants are forms of aid that help students pay for their education. Unlike loans, they do not have to be paid back. Scholarships, grants, and tuition waivers come from a variety of college, federal, state, and private sources. Generally, scholarships and tuition waivers are reserved for students with special qualifications, such as academic, athletic, or artistic talent. Awards may also be available for students who are interested in particular fields of study. There are need-based grants which are based upon a student's demonstrated financial need.
Grants are awards that are usually based on need and do not have to be repaid upon completion of your degree. Grants form the foundation of a financial aid package, upon which other aid may be added, depending on eligibility.
Scholarships are gift aid which may be based on academic achievement, particular skills, talents, abilities, or interests, and may or may not be based on financial need. Most scholarships do not have to be repaid.
The U.S. Department of Education requires TVCC Financial Aid to consider all of your resources when determining your eligibility for aid. As a result, receipt of scholarship awards over and above your TVCC awards may affect your eligibility for aid.
"Outside" scholarships you receive may not be "in addition to" your need-based financial aid but may change the composition of your financial aid eligibility. In most cases, outside scholarships will reduce the student loans or Federal Work-Study in your financial aid package. All aid packages are unique and must be reviewed in light of availability of funds, state and federal regulations, and the college's financial aid policies.