Quote:
Originally Posted by VamPyroX
Actually, financial aid also varies on the individual and their needs.
They may not say "Oh, we'll only pay for tuition." Instead, they might say "Oh, we'll give you $5,000." It's up to you how you want to spend that $5,000.
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Actually, what they do is offer you an award letter, telling you what you are eligible for at the undergraduate level in grants, loans, scholarships, and Federal Work Study. They base the amount offered on the estimated cost of attendance. And the estimated cost of attendance includes the cost of books, transportation, housing, etc. The amount of your award is applied to your account, tuition and fees are automatically deceducted, and the remainder, if there is one, is sent to the student int he form of a disbursement. To be spent on those expense that are related to attending school, such as housing, food, clothing, books, and supplies.