<p>A lot of people I’ve met in my first couple years of college have been extremely clueless about financial aid… e.g., taking out loans and using the money to buy a motorcycle, or taking out loans but then spending so much on “fun” that you run out of money to pay for the last couple month’s rent before the next installment of finaid comes out. Not to mention people who have so much “fun” that they fail their classes, thereby REALLY wasting their financial aid and putting themselves in terrible situations. It’s not uncommon for 18-21 year olds to do these things. I wish your friend the best of luck, unfortunately this is something too common!!</p>