Question about College Grant money returns
I was eligible for financial aid through grants cause my mom and dad are disabled. I recently just found that that the money that you get to pay for your college semester bill is refunded for the money you have left. This came as a surprise as I thought the government used the money that was left over for taxes. My uncle got almost 1000 dollars last year and I may get 2000.
My bill is only 1500$ plus books i need to buy for school. Do that really just refund you the left over money that was not used? I mean I got really good aid it was like over 5000$.
EDIT i was eligible for over 5000, I do not know how much I will receive exactly
Yes, most schools will refund you the money that is not needed to pay your bill. For example, I did not live on campus so my tuition was a little under 2000 dollars for a semester. With financial aid (FASA) and my scholarships I had about 8000 dollars to pay for school. After the school got their money, they cut me a check for 6000 dollars. Talk to your financial aid department, they should be able to answer those questions for you (and tell you how much money you have coming in). Talk to your billings department to see how much money you have going out. This will help you calculate your refund. Good luck in school!!!
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