What happens to leftover financial aid Pell grants?
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Theoretical Scenario: I am afforded over 7000$/yr from State and Federal Aid in grants that I don't have to pay back. Let's say my school only costs $5000/yr...What happens ...show more
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Answer:
You will be given any extra for living expenses, books, food, etc. However, each school calculates what they think school should cost including all living expenses and you can only be awarded up to that amount. You can borrow money on top of what you need for tuition, but you can't borrow more than what they've determined to be the cost of your education
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