It’s a refund. If it’s not referring to a reimbursement for overpayment of tuition and fees (which, upon further reading, I strongly suspect it is referring to), then it is a sore misuse of the term “refund.”</p>
<p>
Oh, yeah. Allowances for travel. Allowances for books. Allowances for housing and food. I know of students that have received all of these benefits: money restricted for use on specific, appropriate expenses. But no school in its right mind – and I’m hoping there aren’t any schools in an unrightful mind – is going to give money to a student that he/she can use to use to buy the new Xbox 360.</p>
<p>On a secondary note, I agree with the above poster. Travel expenses, book expenses, and living expenses should be covered for families that can’t afford it, though it’s definitely a bit extreme to give a student spending money for personal expenses. I doubt this would be done unless there’s some dire situation or something.</p>
<p>@kryptonsa36: Actually, that IS one way Penn State defines a refund: if your financial aid exceeds the amount you have to pay, they send you a check with that amount. They call this a “refund.” And I’m sure there are other schools out there that do this.</p>