[patio11]

Yep. For bonus points: even if you won an outside scholarship, they'd reduce your merit award by 50% of the total. (e.g. If you win an essay writing competition and pick up a $5k scholarship from a private organization like your local Boy Scout troop, they'd reduce your loan by $2.5k and your merit grant by $2.5k.)

n.b. for all current and future college attendees: this policy is negotiable. My mother called the financial aid office, pitched a fit, and got a one-time exception to it about eight different times. I was embarrassed by this, but only because I was young and stupid, since ten years later I certainly care more about the ~$10k of debt that I don't have much more than my status as a quiet, go-with-the-flow cog as measured by a financial aid officer whose name I don't know and who has almost certainly forgotten those calls ever happened.