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Jordan-Elbridge Dollars for Scholars offers financial support to students graduating from the Jordan-Elbridge High School. You generally must live in the area covered to apply for scholarships. Please go to "Apply Now" to download or fill out the application on-line.
Collegiate Partners are colleges, universities and other accredited post-secondary institutions that demonstrate their commitment to the development of private sector student aid by supporting the mission of CSFA and its volunteer-operated Dollars for Scholars community scholarship foundations. All Collegiate Partner institutions have made commitments that CSFA-related scholarships will be used first to fill any unmet need remaining after the institutions initial financial aid package has been calculated. Institutions further agree that the first $1,000 in CSFA-related scholarships will not be used to reduce institutional grant assistance.You may wish to view an extract of the Collegiate Partner Directory.
Matching Partners are institutions already enrolled in the Collegiate Partners program that make further commitments to students by agreeing to match scholarship awards coming to their campuses from Dollars for Scholars community scholarship foundations and other CSFA-managed corporate scholarship programs. These matching funds represent resources dedicated exclusively for this purpose and do not replace previously awarded institutional grants.
THE FINANCIAL AID PROCESS
I. WHAT IS NEED?
| SCHOOL COST: | $20,000 |
| EXPECTED FAMILY CONTRIBUTION: | $10,000 |
| NEED: | $10,000 |
It is important to remember that scholarship awards are always applied to "need" and do not change the Expected Family Contribution amount determined by the FAFSA federal form or the individual institution.
II. WHAT COLLEGES DO WITH NEED:
| CASE A: | FULL FUNDING | CASE B: | PARTIAL FUNDING | |
|---|---|---|---|---|
| COLLEGE GRANT | $4,000 | COLLEGE GRANT | $2,500 | |
| STUDENT LOAN | $4,000 | STUDENT LOAN | $4,000 | |
| WORK STUDY | $2,000 | WORK STUDY | $2,000 | |
| TOTAL PACKAGE | $10,000 | TOTAL PACKAGE | $8,500 | |
| NEED | $10,000 | NEED | $10,000 | |
| UNMET NEED | $0 | UNMET NEED | $1,500 |
III. YOUR DOLLARS FOR SCHOLARS AWARD:
A. By law, the college must include outside aid resources, such as Dollars for Scholars awards, in their calculation. Thus, in Case A, your award will provide the student with aid in excess of the $ 10,000 in demonstrated need. Therefore, your award will result in some adjustments of the original $10,000 package.
B. In Case B, your award of up to $1,500 may go toward the student's remaining need, meaning that no adjustment will be made in the $8,500 package offered by the college, depending on the school's policy regarding treatment of outside awards.
IV. COLLEGE AWARD ADJUSTMENTS:
The issue with college aid "adjustments" is not whether they will be made, but from where in the financial aid package they will be made. Let' see what would happen to a $1,000 Dollars for Scholars award at three Case A institutions:
Scenario 1: Self-Help Adjustment
| Original Package | Adjusted Package | |||||
| Grant | $4,000 | Grant | $4,000 | |||
| Loan | $4,000 | becomes | Loan | $3,000 | ||
| Work | $2,000 | Work | $2,000 | |||
| Total | $10,000 | D/S Award | $1,000 | |||
| Total | $10,000 |
Scenario 2: Grant Adjustment
| Original Package | Adjusted Package | |||||
| Grant | $4,000 | becomes | Grant | $3,000 | ||
| Loan | $4,000 | Loan | $4,000 | |||
| Work | $2,000 | Work | $2,000 | |||
| Total | $10,000 | D/S Award | $1,000 | |||
| Total | $10,000 |
Scenario 3: Split Adjustment
| Original Package | Adjusted Package | |||||
| Grant | $4,000 | becomes | Grant | $3,750 | ||
| Loan | $4,000 | becomes | Loan | $3,250 | ||
| Work | $2,000 | Work | $2,000 | |||
| Total | $10,000 | D/S Award | $1,000 | |||
| Total | $10,000 |
V. Understanding the System:
Scenario I will offer the best result for both the chapter and the award winner. The student will graduate with $ 1,000 less debt. RECOMMENDATION: Make the full award.
Scenario 2 benefits the college by reducing its commitment of institutional resources to the student. The chapter's award will, in effect, be funding the college's financial aid budget. RECOMMENDATION: Do not make an award. Consider an "honor" award for books of less than $200.
Scenario 3 reflects the policy of many institutions that have outside aid thresholds. In the example, the first $500 in outside aid will result in a loan adjustment. Any outside aid amount in excess of $500 will result in a 50/50 reduction of college grants and loans. RECOMMENDATION: Limit award to the outside aid threshold level set by the college to avoid college grant reductions.
I. Special Help from Our Collegiate Partners:
A. All of our Collegiate Partners have agreed that the Dollars for Scholars awards will be used to fill any unmet need remaining after the financial aid package has been calculated. When unmet need no longer exists, Dollars for Scholars awards up to $1,000 will be used to adjust the self-help portion of the package, not grant aid (see Scenario I above).
B. About one third of our Collegiate Partners have gone a step further. They will match Dollars for Scholars awards, over and above what they previously committed to the student. Each Matching Partner sets limits on the amount of matching funds that it will provide to an individual student. Consult your Collegiate Partner Directory for details. No college can provide matching funds to a student whose need has already been fully met. That's why, generally, you'll only see schools with policies like those in CASE B above enrolled as Matching Partners.
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