What happens to the money that is left over from the financial aid grants?

February 21st, 2009 | by admin |
  1. 2 Responses to “What happens to the money that is left over from the financial aid grants?”

  2. By caba on Feb 24, 2009 | Reply

    Your financial aid awards are based on the COA (Cost of Attendance) of your school used in conjunction with your EFC (Expected Family Contribution). Most schools have in their COA tution/fees, room/board, books/supplies, and personal expenses (hygiene items (soap, shampoo, etc.), clothing, laundry, etc.) as items in their calcuation.

    If your aid has already been applied to what you owe the school and you have gotten a refund check, then you can use the remainder for what you will need during the semester.

    You should talk to a financial aid officer at your school for more information/guidance. Good luck!

  3. By Student Loans on Feb 26, 2009 | Reply

    Federal loan refunds are given to students after tuition, housing, and any other school related expenses are taken care of. Most schools will dispense the check during the first two weeks of each semester you are in school; although some can schools can take over a month. For more information, please visit the site below. If you have more questions, don’t hesitate to contact me on yahoo messenger.

    Good luck, I hope this helps!

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