im wating for my finacial aid to come, but do they mail it or do i pick it up from the school. I wonder if they will call me?
2007-05-07 12:36:55 · 3 answers · asked by THIN MAN 1 in Education & Reference ➔ Financial Aid
Unless there are some sort of special circumstances (such as it being a foreign school) then the money will be sent directly to the school. It is usually done via EFT, and is sent on whats called a "roster" with usually a couple million dollars for other students as well. Then they will take out whatever your schooling costs are and if there is a balance leftover then the school will give you a check for the difference or send the refund back to your lender. You will want to check with your financial aid office for specific school policies.
2007-05-07 13:38:02 · answer #1 · answered by marebear31485 3 · 0⤊ 0⤋
Most schools get funds in nowadays by electronic funds transfer. They will check that you are still eligible for the funds and then have them posted as a payment to your student account. That pays your tuition and fees. If you still owe more, they will bill you, and if it creates a credit balance, the school will refund the difference to you. Ask your school if they direct deposit to your checking account or cut you a paper check.
2007-05-07 19:49:43 · answer #2 · answered by Bear B 4 · 0⤊ 0⤋
differs by school
Call them and ask their policies
2007-05-07 19:43:35 · answer #3 · answered by rurouni33569 4 · 0⤊ 0⤋