A $5,000 scholarship isn't just $5,000 — it reduces the loan you take out, which means less interest over the life of your loan. See the full picture.
A $5,000 scholarship reduces your loan by $5,000. On a 6.39% loan over 10 years, that $5,000 saves you an additional ~$1,700 in interest — making the real value closer to $6,700.