question on the "Student Budget"

Colleges and Universities A-Z Stanford University
1

<p>I just got my final financial aid award in the mail.</p>

<p>The student budget, which encompasses the "antipated expenses", includes costs of books, Personal expenses and Travel. Since the sum of my total student contribution and parent contribution is less than $ of books+personal+travel, they are covered by my financial aid award. </p>

<p>How exactly does that work?
How do I use that FA award to pay for travel, books, and personal expenses? I mean these kinds of expenses do not sound like ones I can "charge" to the school.</p>

2

<p>You'll generally get a refund check or direct deposit transfer when your loans, grants, or what have you comes in.</p>

3

<p>Ok, I think i understand, and that makes sense. I just assumed that all grants would be directly given to the school's account.</p>

4

<p>Sorry, I wasn't quite clear. The loans and grants go to your student account, and then the school gives you the excess in the form of a check or a direct deposit. (;</p>

<p>Like, you have $12000 due to the school directly, and $3000 "other" education expenses that you're expected to pay for. If you get $14000 in loans/grants, that will go to the school, and they'll issue you a check for $2000. Obviously I'm completely making up numbers that don't apply to Stanford. (;</p>

5

<p>Thanks! you explained exactly what I had question on</p>