Does a scholarship affect my student aid and if it does, to what extent?
If you are awarded a scholarship, you need to inform your school of this. They will then subtract the amount of the scholarship from the financial aid that you have been offered. Any amount of funding that is left over can be covered by other financial aid, which you will still be eligible for
Where does the funding from a scholarship go to?
The scholarship funds are used to pay for the cost of attendance and also take over what other financial aid would cover, for example, loans that you may have been offered