What happens if I have too many college grants?
Saturday, July 24th, 2010 at
1:03 pm
Yourmom asked:
I have all of my college paid for and I have other college grants as well. So what happens to those college grants?? I know that if its a scholarship they give the money back to you, but these are state grants. Do they take the money back and give it to other people? Or does it come back to me?
I have all of my college paid for and I have other college grants as well. So what happens to those college grants?? I know that if its a scholarship they give the money back to you, but these are state grants. Do they take the money back and give it to other people? Or does it come back to me?
Tagged with: College Grants • Scholarship • State Grants
Filed under: Student Loans
Like this post? Subscribe to my RSS feed and get loads more!
As long as you take up courses in that college, they will give you the grant because it was given to you under your name. But if you don’t need it, it would be polite to inform the other colleges so that another lucky person like yourself can avail of it.
As long as you meet the college guidelines for class attendance and minimum hours, they will give you a check for the rest of the money. The purpose for this money is for you to use it for college related expenses (i.e.-gas to get you to and from school and other living expenses). Just make sure that you have your books and all that stuff and then it’s your call on what to spend the money on. By the way, there is no such thing as too many grants (if you qualify and get the money, then feel very lucky)
wow, you are in a lucky situation!
It will depend on the stipulations of the individual grants, but congrats on having the smarts to go for all those grants!
your school will have calculated your cost of attendance for the year … typically this is tuition, fees, room, board, and personal expenses allowance. if the amount you are receiving in financial aid exceeds this amount, your school will decrease the amount of scholarship money you are receiving from them in order to get you at the cost of attendance budget. this is because the department of education actually prohibits students from receiving funds in excess of the cost of attendance for one year, so that students aren’t using educational money to, say, buy a car or finance a house.
you’ll want to contact the financial aid office at your school to learn more.