Before treating a renewable scholarship as four years of funding, check what you must do to keep it. Build a cost scenario for each condition that could realistically affect your plan. This worksheet examines continuation risk after an award; use the complete offer-comparison process separately when choosing a college.
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Extract the conditions from your award
Read the award notice and the current policy it references. Record the exact wording, the office responsible, and any unanswered question. Do not apply another student's scholarship terms to yours, even at the same college.
| Condition to investigate | What you need to establish |
|---|---|
| Academic performance | Required measure, review timing, and which grades count |
| Enrollment | Required credits, attendance pattern, and treatment of a leave |
| Program participation | Any major, honors, service, or other participation requirement |
| Duration | Covered terms, maximum amount, and treatment of an extra term |
| Recovery process | Any warning, appeal, or reinstatement route stated in the policy |
The rows are questions, not a claim that every award uses these conditions. Keep institutional scholarship rules separate from other aid-eligibility requirements that may also apply.
Your renewal-condition record
Test a plausible change in the academic plan
Suppose you are considering a demanding first-year sequence or might change majors. Ask how the scholarship would respond to that actual change. Find out when eligibility is measured and whether the terms provide a warning period or review process. Do not assume either automatic cancellation or an automatic second chance.
A second scenario could involve a leave, reduced course load, study abroad, or a co-op term. Choose only scenarios relevant to you. Send unresolved questions to the administering office before accepting a financial plan that depends on the answer.
Show the cost exposure explicitly
For a hypothetical award of $15,000 each year for four years, continued eligibility would provide $60,000 in total. Losing it after the first year would leave $45,000 of expected scholarship support unavailable over the remaining three years. That illustration assumes the award amount stays fixed and does not predict your award's policy or the college's future charges.
Write two budgets: one using confirmed continuation terms and one showing the relevant interruption. Mark replacement aid as unknown unless the college has confirmed it. Do not fill the gap with an assumed new scholarship, successful appeal, or higher future earnings.
Use the financial-aid award guide to keep loans, grants, work expectations, and family payment distinct in both budgets.
Decide what needs an answer now
An uncertainty matters most when it could make continued enrollment unaffordable or force a major the student does not want. Resolve that question before allowing the first-year award headline to settle the college choice.
Bring the policy, the office's written answers, and your two scenarios to an IvyReady consultation for admissions guidance on how your academic plans and confirmed costs affect your college choices. The awarding office remains responsible for interpreting renewal rules and resolving aid questions.