RE: Scholarship Awards from Outside Sources

From: Savage, Glenn E (savageg@exchange.winthrop.edu)
Date: Mon Feb 18 2002 - 15:05:14 EST

  • Next message: Wilson, Peggy A.: "RE: Scholarship Awards from Outside Sources"

    At Winthrop University, the Financial Aid Office is responsible for
    noting on the student's account all anticipated aid. For outside
    scholarships, The Financial Aid Office notes the amount of the
    scholarship and the name of the third party. The checks typically come
    to the Bursar's Office. If the cashier cannot match the payee, payor
    and amount with the Financial Aid information, the Financial Aid Office
    is notified and asked to investigate. On rare occasions, additional
    outside aid may result in a change in other federal/state awards.

    Glenn Savage, CPA
    Assistant Controller
    Winthrop University
    Phone: 803-323-2165
    FAX: 803-323-2286
    e-mail: savageg@winthrop.edu
     

    -----Original Message-----
    From: Mary Ann Lovelock [mailto:malovelo@naz.edu]
    Sent: Monday, February 18, 2002 2:04 PM
    To: bursar-l@virginia.edu
    Subject: Scholarship Awards from Outside Sources

    I was wondering if you could tell me how your college handles
    Scholarship Awards
    from outside sources. Does the Bursar's Office do the input and inform
    Financial
    Aid -- or visa versa --

    Here, at Nazareth, the Bursar's Office receives (although sometimes FA
    receives and forwards to us) the checks and deposits the money -- we
    then inform FA of scholarship money received. It can become confusing
    when changes occur.

    Thanks for your help.

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