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andy_g · 04-21-2008, 09:27 PM

soo this is probably the most retarded question but im not sure how this financial aid stuff works... if any student could help me out a bit would be awesome..
my family contribution is ~3,000...thats less than my travel, books, and personal expenses together. i thought those expenses (travel, personal..) are not paid directly to the university and are just used to cover everyday life. however, my penn plan suggests i take a "monthly budget plan" to pay those ~3000 in $300 monthly payments. so how does this work? does my award get credited to an account somehow that i use to buy books and pay for tuition and stuff? and the 3000 that i assumed i would be using myself for daily expenses (to be earned from my work-study job), do I still pay them directly to Penn??

04-21-2008, 09:27 PM	#1
andy_g Junior Member Join Date: Dec 2007 Location: somewhere in the caribbean ->>>>PENN '12 Threads: 25 Posts: 150	financial aid help please! soo this is probably the most retarded question but im not sure how this financial aid stuff works... if any student could help me out a bit would be awesome.. my family contribution is ~3,000...thats less than my travel, books, and personal expenses together. i thought those expenses (travel, personal..) are not paid directly to the university and are just used to cover everyday life. however, my penn plan suggests i take a "monthly budget plan" to pay those ~3000 in $300 monthly payments. so how does this work? does my award get credited to an account somehow that i use to buy books and pay for tuition and stuff? and the 3000 that i assumed i would be using myself for daily expenses (to be earned from my work-study job), do I still pay them directly to Penn??