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I am just curious to how financial aid actually works. Say I got the pell grant and then a lot of outside scholarships that exceed the amount that it would cost to go to the school-including everything. So say I got 20,000 in financial aid (including all pell grants and other aid), but the cost only was about 18,000. Would they give me a check for the 2,000 or make me give back the aid. Sorry if I am wording this question a bit weird. But I heard that sometimes they make you give back the aid if it goes over the amount?
Has anyone else had this issue where the amount of aid has exceeded the actual cost of the school?
PS. This is all hypothetically because I havent gotten my aid yet.