This article brings up some very good information about how colleges don’t necessarily treat scholarship dollars the same way. What you need to know is that some colleges reduce the amount of need-based grant aid, loans and/or work-study if you get a scholarship.
You need to read this article to ensure your scholarship actually helps you pay for college.
check out the the original article from U.S. News and World Report, written by Janine Fugate/Scholarship America