<p>I received a $17,000 scholarship and various other financial aid from Hofstra University. Are these able to cover my $500 tuition deposit and $300 housing deposit? Please help me out if they cannot.</p>
<p>You will not have it in time for that. You need to deposit by 5/1. I would try to get a job to cover so you wont have to borrow money at such a high rate. Unsubsidized loans start accruing interest immediately and at a high rate…almost 8% and most have a high origination fee.</p>