Such as bills and groceries?
2006-08-24 15:00:04 · 6 answers · asked by Mrs J 3 in Education & Reference ➔ Financial Aid
Yes and No... The school you are attending gets your funds... generally after your fees are pay you would receive the excess to purchasing all your boooks, supplies and take care of your housing costs, should your loan also be intended to be used for housing. Now once you get yor money, if you choose not to spending it on what it was intended that's up to you. You are the one on the hook to pay it back and then fund yor books and supplies too..
2006-08-24 15:37:33 · answer #1 · answered by limgrn_maria 4 · 0⤊ 0⤋
Yes. Your college/university publishes a budget annually based on where the student intends to live while attending school (on-campus, off-campus, or with parents). This is called the cost of attendance. The EFC (Expected Family Contribution) is subtracted from the cost of attendance to determine a student's unmet need. The amount of need can be met through grants (such as Pell), need-based scholarships, and loans.
Included in the cost of attendance budget is housing and living expenses. So, your school and the federal government expect that you will need funds for things beyond tuition, including bills and groceries.
2006-08-24 20:27:06 · answer #2 · answered by Merries 3 · 0⤊ 0⤋
school gets all the money that u must pay to them like tution and the remained money is giveen to u.
that's a law in my province, but don't know about yours
2006-08-24 15:04:24 · answer #3 · answered by ___ 4 · 0⤊ 0⤋
first the school gets all your money, if there is anything left they'll refund your balance. After they give you a refund, you can buy whatever you want.
2006-08-24 16:11:20 · answer #4 · answered by christmasangel1984 2 · 1⤊ 0⤋
Yep.
2006-08-25 11:59:17 · answer #5 · answered by nolyad69 6 · 0⤊ 0⤋
I dont think so
2006-08-24 15:06:54 · answer #6 · answered by adriana 4 · 0⤊ 1⤋