[amitagrawal]

If you come from a poor financial background, wouldn't it be good financial (and common) sense to accept the scholarship?

And as hashpipe rightly said, by turning down your reservation seat you probably let a less deserving (mark wise) reservation candidate over a more deserving candidate who probably won't even receive a scholarship let alone the seat. I would even go as far to say that you perfectly gamed the broken reservation system.