<p>I guess where I am confused is that the OP wants to "Use the money for him/herself"
If the moeny is USED for YOUR education, aren't YOU the biggest beneficiary?</p>
<p>As Otto states:</p>
<p>school is going to get some of your money whether you have to work, pay back loans, or pay up front. So almost like the IRS- youcan pay me now, or pay me later</p>