Outside Scholarship exceeded self-help

swimcatsmom
Mon, 18 Jun 2012 14:31:22 +0000

No, things like personal expenses and travel etc won’t be billed to you. The direct expenses like tuition and fees, room and board will be charged to the bursar account and the aid money will be credited to it. If the aid money exceeds the direct expenses then they should refund the excess to him to use for personal expenses.

The only con is that any scholarship/grant money used to pay for non qualified expenses (which are basically tuition, fees, and required books) will be taxable income to your son. But that is not too much if a con in my opinion. Better than not having the scholarships/grants.