Get Disbursement For Books And Supplies - NCASFAA

Anything pertaining to your schooling is an appropriate use of financial aid. School supplies, a computer, travel costs to and from campus, books, tuition, childcare expenses (if applicable), and tutoring are all reasonable purchases for a serious student.

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.

Any money left over is paid to you directly for other education expenses.

Once we process your FAFSA, we send that information to your school and they handle the rest. Generally, your grant or loan will cover a full academic year and your school will pay out the money in at least two payments called disbursements.

Federal student aid from ED covers such expenses as tuition and fees, housing and food, books and supplies, and transportation. Aid can also help pay for other related expenses, such as a computer and dependent care.

A Financial Aid Hold indicates that you have not completed a requirement for receiving aid. For example, a Financial Aid Hold for a first-time borrower could mean that you did not meet the entrance interview requirement for your loan.

Your Financial Aid refund can be used towards any education-related item listed in the cost of attendance such as such as books, transportation, housing, food, and miscellaneous expenses. This also means you are solely responsible for budgeting this refund throughout the semester.

Tuition, fees, supplies and textbooks are among the expenses approved by the federal government, while things like vacations, clothing and some other personal expenses are prohibited.