Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Grants and other Student Loan topics.
In accepting an award for financial aid, you acknowledge that the funds will only be used to cover specific educational expenses. While it is expected that student aid will cover more than just tuition and fees there are still limits. Things such as food and housing; books; supplies; and, transportation costs are also legitimate expenses related to your college education. In addition, some federal aid may also be used to help with the costs of childcare or for educational tools like a computer. If you question whether or not a purchase using federal student aid will be deemed acceptable, ask a financial aid advisor for additional information.
|Jennifer Mathes, Ph.D.|