What happens if you get more financial aid than you need?
It is the excess money left over from your financial aid package after your tuition and fees have been paid.
Schools use “gift aid” first to pay your tuition and fees, so grants and scholarships are exhausted first.
So for most students, that means a refund check is leftover student loan money….
Do you get more financial aid if you go to a more expensive school?
If a college has higher tuition and expenses, students often get more financial aid to help cover the extra cost. … Reality: Financial aid comes in many forms—grants and scholarships, which don’t have to be repaid, and loans, which do have to be repaid.
Is there a way to get more financial aid?
You can appeal for more financial aid at any time. You can appeal before you apply for financial aid. You can appeal after you apply for financial aid. You can appeal in the middle of the academic year.
Do you get more financial aid if you apply early?
If you do your FAFSA early, you’ll have a better chance at more federal financial aid or school financial aid. The FAFSA application can be submitted for the next year of college starting October 1. … Meaning the earlier your application is submitted the better chance you will have at receiving financial aid.
Do you get to keep leftover fafsa money?
If there is money left over, the school will pay it to you. In some cases, with your permission, the school may give the leftover money to your child. If you take out a loan as a student or parent, your school (or your child’s school) will notify you in writing each time they give you any part of your loan money.
Do you get 2 refund check every semester?
Refunds for all types of financial aid will begin 30 days after the start of the semester. You will receive loan funds in two disbursements each semester.