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It's been a few years since I was in college, but back in the '00s when it was relevant to me, there was nothing I could do to get cash. I submitted financial a
by pc86 1y ago
It's been a few years since I was in college, but back in the '00s when it was relevant to me, there was nothing I could do to get cash. I submitted financial aid documents (to include federally-subsidized loans), and money went from the lender to the school. If there was an underpayment, I had to submit more docs and the lender sent more money. If there was an overpayment, the school refunded the lender and my statement was updated.
Other than completely unsecured private loans how the hell are 18 year olds getting cash for their student loans?
- mock-possum 1y agoYeah I’m puzzled by this too - I suppose it helped that I wasn’t living in school housing, I was living at home for most of college, so my only college expenses were tuition, transportation, and supplies, all of which could be paid directly by my loan issuers but - yeah, I never saw a cent of cash, either through student loans or financial aid, it all just went directly to my school.
- jvanderbot 1y agoI got a cash deposit for living expenses. I had to pay rent, after all, while out of town at school. Hell, I needed food too. The payment to the school was handled exactly as you say.