Table of Contents
What expenses does financial aid cover?
Aid and Other Resources From the Federal Government Federal student aid from ED covers such expenses as tuition and fees, room and board, books and supplies, and transportation. Aid can also help pay for other related expenses, such as a computer and dependent care.
What is the most financial aid will pay?
Average and maximum financial aid
| Type of Aid | Average Amount | Maximum Amount |
|---|---|---|
| Federal Supplemental Educational Opportunity Grant | $670 | $4,000 |
| Total Federal Student Aid | $13,120 (dependent) $14,950 (independent) | $19,845 to $21,845 (dependent) $23,845 to $32,345 (independent) |
| Total Federal Grants | $4,980 | $10,345 |
What can I use extra financial aid for?
Part of the reason you were given extra money in your financial aid package was to cover other school-related costs outside of tuition, so this is a worthwhile expense for your refund if you need some help. Supplies might include notebooks, calculators, or even a computer if you absolutely need one.
Can I use my financial aid to buy clothes?
Personal expenses – Funds can be used to purchase groceries, cleaning supplies, clothing and other personal items. Other Expenses – Federal aid can also help with other expenses, such as health care, accommodations for students with disabilities, or care for your dependents.
What happens if you have leftover financial aid money?
If there is money left over, the school will pay it to you. In some cases, with your permission, the school may give the leftover money to your child. If you take out a loan as a student or parent, your school (or your child’s school) will notify you in writing each time they give you any part of your loan money.
Can I use my fafsa money for gas?
Your financial aid package may provide a travel allowance that will help you travel to and from school. You can use your financial aid money to pay for gas to get to and from school or airplane tickets if you live too far to drive. However, you cannot use the money to purchase a vehicle for transportation.
Can financial aid cover off campus housing?
Off-Campus Housing and Financial Aid. Students moving from home or the residence halls to an apartment (or other rental unit) may be eligible to receive financial aid to help cover the cost of off-campus living expenses.
What schools does FAFSA cover?
If you are asking if schools using the FAFSA will guarantee to meet your full need as an out of state student…there are only two public universities that do so…University of Virginia, and University of North Carolina at Chapel Hill. All other public universities typically award federally…
Does FAFSA cover out of state tuition?
Everyone is eligible for Financial Aid by filling out the FAFSA. So yes, it does work for out-of-state students, but due to the inherent high cost of attending out-of-state schools, many students find the savings end up being the same as their in-state school tuition. Meaning, it will not cover as much as if were used on your in-state tuition.
What are certificates of study does FAFSA pay for?
Federal student aid pays for certificate programs in the trades, such as welding, machinist, plumbing, electrician, carpentry and other construction jobs. Student aid pays for certificate programs in culinary arts, hotel service and cosmetology.