Hampden-Sydney College costs and financial aid are calculated by the semester. Scholarship and grants received from outside sources will be considered the contribution of the student and be credited to the category specified (tuition, room, board, or fees) and to the semester in which the grant is received. If the category is not specified, it will be considered a credit against all charges for that semester.   

If outside scholarships and grants are received which, in combination with College scholarships and grants, exceeds billed costs (tuition, required fees, room, and board) in any semester, College aid  is reduced in this order-need-based grant, academic scholarship, then citizen/leader award-until billed costs and total grant aid are equal. There are no refunds of Hampden-Sydney grant aid above billed costs.