Cleveland Institute of Art (OH)

How does this school displace outside scholarships?

Answer: "According to federal regulations, all sources of financial aid must fit within the cost of education or budget. To accomplish this, some colleges subtract the full amount of the outside aid from any need-based college financial aid. The Cleveland Institute of Art, in striving to help students, will first apply outside aid to any remaining unmet need. If the student's need is already met according to the calculation, outside scholarships will be subtracted from loan assistance and work-study. This will help the studentlong-term by lowering the amount of borrowing while the student is in school."