What exactly is Financial Aid for?

Question

My college says I can use it for a parking ticket they gave me What do ya'll think about that? Shouldn't it be for tuition, books, room and board, eat , live maybe. But a parking ticket?

$17,663 in student loan debt btw...i better be a great teacher after all that

I dont like to live on what is left. i get unsubsidized so Its like living on a credit card that I'm paying almost 7 % interest on in the future.

remember back in the day ...< 2003.. when loan interest rates were about 2%? that was great. now its almost 7% now. i wonder whose fault that is ::::cough:::

:

Answer 1

Why would you use it for a parking ticket? You would then be paying interest on a parking ticket once you start paying the loan back. Go mow a lawn and pay your ticket in cash.

Answer 2

Actually, a parking ticket is a living expense. It is even more of a college expense if you got the ticket on campus. Financial Aid is for Tuition first, then Room and Board, Books and finally living expenses. The definition of expenses is wide enough to include a parking ticket, though I would suggest not parking there again. If your college says you can use it, you can.

Answer 3

Depends on the form of Aid you get. I receive financial aid. First I pay for school expenses, like books, tuition and such. But then the rest it for your expenses. If you are not working while in school you can use that money to pay for your needs, and if you have gotten a parking ticket so pay it with the aid money better then just letting it wait and cost you more later.

Answer 4

The job of financial aid is to cover the educational expenses that you or your family can’t afford to pay. This money may come from government programs, banks, generous companies or foundations. Once you’re in college, aid can help you focus on school instead of worrying about how you are going to pay your bills. Aid, or assistance as it is sometimes called, is divided into three main types.

1. Scholarships & Grants
The FREE money category. Free meaning you don’t have to pay this money back. Scholarships can be awarded based on a number of factors including need and merit. Grants are need-based and are given by the federal government or other groups.

2. Work Programs
These self-help, need-based financial programs match you with employment opportunities that complement your educational and career goals. The money you earn goes toward college expenses. Your future school can help you get into these programs. BONUS: You’re also getting job experience, which is a huge resume booster.

3. Loans
A loan is a big responsibility, just ask your parents to tell you about loans that they have, like their house mortgage or car payments. Here’s how it works. Basically, you get money through a bank or a lender who charges you interest for using that money. Bit by bit, you pay back the money. Student loans usually offer lower interest rates and in most cases allow you to wait to repay the loan until you’re out of school. Before considering a student loan, make sure you have exhausted your other possibilities.

Answer 5

Financial aid is for school related expenses. Tuition, room and board, books, school supplies, computer software (Microsoft XP and Office, not World of Warcraft), and even a new laptop. It can be stretched to the furthest possible line to include tickets received on campus.

Answer 6

It is for paying for school expenses. If the parking ticket was from the school, then it falls in the category of expenses they cover.

Answer 7

I never heard that you can pay for a ticket with your financial aid unless it is on your student account with the school or they could be talking about you paying it off with your refund check...