Employee tuition benefits that travel with a dependent student whose parents work at other institutions of higher education or organization may be included in the student's financial aid package. These benefits are beneficial to the student regardless of how they interact with other aspects of the need-based financial aid package.
For students who qualify for need-based financial aid, the employee tuition benefit will be added on top of the package up to meeting full Federal demonstrated need; similarly to the way we include Outside Scholarships in packaging. Any amount of the benefit that exceeds Federal demonstrated need will reduce other components of the financial aid package by the overage amount.
The College will first reduce the self-help portion (loans and/or job) of the need-based aid package that has already been awarded to the student. The order of the reduction will be Federal Work Study, Federal Perkins Loan, and Federal Direct (Stafford) Loan.
After reducing all eligible, awarded self-help aid, any remaining outside scholarship amount in excess would reduce Franklin & Marshall grant.