<p>I'm starting college this fall, new to financial aid, so any help is appreciated!
My EFC is 0.</p>
<p>This is what my financial aid letter says:
Dean Of Faculties Award: $3000
Federal AC Grant: $750
Federal Pell Grant: $5550
Federal Supplemental Grant: 700
Frank OBannon Award: $3364
<p>Tuition + fees is approx $9000/yr
I'm living with the parents, so housing costs are out, phew.
I'm not planning on accepting any loans this year, I'd really prefer to graduate with minimum debt.
So does that mean that after tuition, I would have $4364 left for me to use for books, laptop and tings? Or does that just go back to the school? </p>
<p>Am I missing anything here? I was freaking out about paying for school, so the thought that financial aid will cover everything + seems too good to be true...</p>
<p>Also, are financial aid refunds considered taxable income?</p>
<p>Sorry if this seems obvious, just wanted some confirmation so I can stop stressing!</p>