A direct scholarship is one awarded by an independent grant source such as a civic organization or foundation. This scholarship is considered a part of the student's financial assistance award and must be reported to the office of financial assistance.

Scholarships and grants administered and regulated by the State of Iowa and federal government are not considered direct scholarships.

If the student's financial aid is based on financial need and contains federal and/or state funds, the financial aid award cannot exceed the student's financial need from any source.  If the student's financial need has not been met in full, the direct scholarship will be added to the student's financial assistance award.  If the student's need has been met in full, reductions will be made first in the Federal Perkins Student Loan and then in the Federal Stafford Student Loan.  If the financial assistance award does not contain a Federal Stafford or Perkins Student Loan, but does contain federal or state funds, and the outside scholarship creates an award that is over need, the outside scholarship amount will be reduced from other gift assistance provided in the award.  This is mandatory in order that the college be in compliance with state and federal regulations.

A student receiving only Simpson funded aid, not based on financial need, will receive the direct scholarship in addition to any financial assistance offered by the College, providing the total financial assistance awarded does not exceed the total cost of attendance at Simpson College for the academic year.

It is the responsibility of the student receiving the direct scholarship or the donor of the scholarship to notify the office of financial assistance at Simpson College of all the details pertaining to the scholarship. At that time, the appropriate adjustments will be made in the student's award.

Federal regulations prevent any student from receiving financial assistance in excess of the budgeted cost of attendance.