How exactly is financial aid given?

brantly
Sun, 31 Jan 2016 20:45:48 +0000

The financial aid is best viewed as a discount on your total bill. If your college bill is $50,000 and you got $40,000 in aid, you owe a total of $10,000. You don’t get discounts on specific things. It is all lumped together because the money is fungible (look that up if you don’t know what that means). The cost of books and supplies is calculated into the total cost of attendance so that they can figure out how much it will cost you to attend the school. They do not earmark certain dollars for books and supplies. Is that making any sense?