Going to college can be a confusing time for many people who attend, and there are so many things to think about. Unless you have your education paid for by a well-to-do parent or other, you will find yourself funding school through a combination of grants, loans, and possibly scholarships. This financial aid comes from a variety of sources, and usually your college will do several things with the money when it comes in (such as paying your tuition, books, and supplies). When these items are paid for, you will be given the excess in many cases.

Financial Aid Disbursements

When your excess money is disbursed to you, you have a legal responsibility to use this money for school-related purposes only. Financial aid is not to be used for any items not directly part of school. The range of purposes are broad however, and you will find many things you need for school are included. Many people will use the excess money they receive from financial aid for reasons that help them the most for college, setting priorities first.

Items You can Use Your College Financial Aid For

Items that make the list of college expenses include housing (on or off campus, it doesn’t matter which) and room and board situations. You can also spend this money on transportation expenses to get back and forth to class, and new computer equipment and periphery such as software or equipment for computers. Equipment of all kinds that you would use in and for school are also approved. Obviously, a new computer game system or paying for dates is not part of what the excess money is intended for.

Your college expenses really only have to be for something related to school in some way, so it could be almost anything that you would use for school. In some cases, you can use the excess monies to study abroad and the college expenses incurred from doing so. If you have questions about a particular item, just ask your school and they will help you determine if it’s approved or not.

To learn more about education and college topics, follow us at Bryerson Family Education Blog for more articles that help you get the most out of your education!