I think most students in America have loans. For me, and everyone I knew, there was a credit balance after the school got paid and that money was put into your

I think most students in America have loans. For me, and everyone I knew, there was a credit balance after the school got paid and that money was put into your bank account. Don't forget you have to buy books, etc., and they cost "a couple of hundred dollars" too. When I was an undergraduate I was definitely on a knife's edge, but I also often had cash in the bank because I got a big cash infusion annually. I just had to live off a very strict budget at that time to make sure the money would last. I wouldn't have wanted to rely on this service when I was a student, especially at that cost, but in a pinch I could see situations where it would make sense.