I forgot about living off the campus situation in which case there would be excess from fa which could incl loan. For my own knowledge, is there a case where if a student is living on campus, that he/she could get excess from fa, unless they take loan in excess of recommended amount? Also, I believe that if you get financial aid award, not incl loans, for you room and board, ie full-ride, you still need to report that as taxable income. No?