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This long article kept saying the bots were stealing financial aid, and yet never once explained how that worked. Doesn't financial aid go to the school, not t
by ars 1y ago
This long article kept saying the bots were stealing financial aid, and yet never once explained how that worked.
Doesn't financial aid go to the school, not the student?
- chneu 1y agoIt depends on the aid. Federal grants such as Pell are dispursed to the university which then sends any excess to the student. Loans, which comes in a variety of forms, are dispursed to the student and then the student pays the university. This can vary depending on the grant, loan servicer, etc.
- massysett 1y agoNo, federal student loans are also disbursed straight to the school, with the school remitting any excess to the student.
- chneu 1y agomy phrasing was bad. I meant "Federal loans and grants" not just "federal grants". Federal Loan/Grant Money --> School--> Student Private Loan Money --> Student--> School/Bills
- deleted 1y ago[deleted]