Does the Gates Millenium Scholarship pay for full tuition including the EFC amount?

Question

Does the Gates Millenium Scholarship pay for full tuition including the EFC amount?

Answer 1

From the GMS FAQ:

"Individuals selected as Gates Scholars will receive funds in an amount to be determined by GMS based on financial need. The award will be based on the cost of tuition, fees, books, and living expenses for the academic year as well as the availability of grants and other scholarships reported on the submitted financial aid award letter. The scholarship, for the undergraduate award, may be renewed annually based on satisfactory academic progress, full-time status, and the timely submission of required documents. Support for graduate degrees may be pursued for the following fields: computer science, education, engineering, library science, mathematics, public health, or science."

So, the evaluation will be based on total available financial support, including Expected Family Contribution. The GMS does not offset or replace the EFC, but provides additional funds for scholars whose EFC is effectively too low to attend the college of their choice, if the scholarship was not awarded.