Then MIT just reduced my financial aid by the amount of the scholarships, so it really didn't help me at all.
Yep, same thing happened to me. The college reduced my grant, not my loan. I was pretty angry about it. The money was supposed to help ME, not the college! The scholarship people were going to give me money every semester for four years. I wrote them after I got a new financial aid package that reduced the college grant and told them to give the scholarship to someone else who really needed it.
