If a school's tuition is 50k/yr and one receives a 100k scholarship, does that mean:
A) no tuition is paid for the first 2 years?
B) no tuition paid last 2 years?
C) 50k/3 paid each year?
Additionally, can money from a tax sheltered education plan such as a 529 be used for living expenses while at school or only tuition? If the latter, could one request that instead of a tuition scholarship, he receive a COL scholarship? How are COL scholarships disbursed?
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