Question: What will happen to scholarship money that is left over from college tuition?
Query by John: What will happen to scholarship income that is left above from university tuition?
I am acquiring ready to enter school and I have a state-funded scholarship that pays for my tuition at a state university (Louisiana’s TOPS program). Nevertheless, I have several other points to pay these kinds of as textbooks, housing (off-campus), and electricity charges, meals, fuel, clothing, amusement, and many others. My query is this: If I get extra scholarships, will I be ready to use that funds to pay out for what I chose? Does my school regulate that funds, or can I use it to shell out lease or bills? Do I acquire the funds or does my college obtain it? What transpires to scholarship cash as soon as college tuition is compensated?
Best reply:
Reply by dawncs
It truly depends on the phrases of the scholarship you have received. Some will in fact allow the college to give you the remainder volume in the type of a check while other scholarships will be applied to potential university tuition charges. The very best option is to comprehensive the FAFSA form due to the fact it will tap into need to have based financial aid like the perform examine software. I have incorporated some internet sites beneath that contains great data. Great luck!
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July 5th, 2011 at 4:07 pm
Some scholarships are paid directly to you. These are usually not related to the college you’re attending. Most scholarships are paid directly to the college.
In most cases, you get “financial aid Christmas” — that’s a day each semester when we get all of the excess financial aid money in our financial aid account. ☺
Caution though – many scholarships are need based. That means if you get another scholarship that covers cost, you no longer have “need” and drop that one.
Know too – very often, if there is excess money (above tuition) in your financial aid account, you can charge your books to that account at the campus bookstore. There may be an application fee to allow this – look into it. Otherwise, you have to buy your books out of your pocket well before ‘financial aid Christmas’.
July 5th, 2011 at 4:19 pm
Left over Money will be sent to your Home at the end of the Semester.or you can also ask at burser’s office of your college.
July 5th, 2011 at 4:23 pm
Maybe. It depends on the scholarship. But I honestly don’t think you can pay rent or your bills with that money. Maybe your books, since those are directly involved with your schooling.
In general though, I think that any scholarship money you get would go straight to your schooling.