For financial aid purposes, the Noyce Scholarship is considered an outside scholarship.
Since Bryn Mawr meets full demonstrated need, the additional funds from the Noyce Scholarship are likely to replace all or a portion of a student's other financial aid awards during the senior year. The exact adjustment will depend on the student's demonstrated need and the amount and type of other aid received.
For example, at Haverford, for fourth-year students who received the Noyce Scholarship in 2011-2012, the Scholarship first replaced the loan expectation and the remaining funds replaced Haverford College grant aid dollar for dollar.
Students who are considering applying for the Noyce Scholarship are encouraged to contact the Financial Aid Office for further information on how their other aid in the fourth year will be effected.
The 5th year component of the scholarship (up to $32,000) is to be used for tuition and living expenses. Students in the 5th year Education Program are not eligible for financial aid from Bryn Mawr and Haverford so there is no issue of how the Scholarship would impact financial aid.
The 2012-2013 tuition for the 5th year Education Program is $1,885 per course unit. The rate is 50% of Bryn Mawr College's Post-Baccalaureate Tuition rate posted here: http://www.brynmawr.edu/treasurer/tuition_facts.html. In addition, students pay $100 in fees for the spring semester to cover the cost of the certification application fee.