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Cash out a scholarship?
Posted: Fri Oct 25, 2019 8:26 pm
by BlueSkiesonMars
If a law school (state, not private) offers someone a scholarship amount (say 20k) that renews every year and the student is receiving GI Bill and YRP...can that student cash out the scholarship as excess payment? Similar to people getting private loans in excess of the cost of attendance.
Re: Cash out a scholarship?
Posted: Sat Oct 26, 2019 2:55 pm
by Dcc617
BlueSkiesonMars wrote:If a law school (state, not private) offers someone a scholarship amount (say 20k) that renews every year and the student is receiving GI Bill and YRP...can that student cash out the scholarship as excess payment? Similar to people getting private loans in excess of the cost of attendance.
Generally no, but some schools will. Ask the financial aid office if they'll classify your loans as living expenses, not academic, so that you'll get it back.
Re: Cash out a scholarship?
Posted: Sat Oct 26, 2019 6:44 pm
by BlueSkiesonMars
Dcc617 wrote:BlueSkiesonMars wrote:If a law school (state, not private) offers someone a scholarship amount (say 20k) that renews every year and the student is receiving GI Bill and YRP...can that student cash out the scholarship as excess payment? Similar to people getting private loans in excess of the cost of attendance.
Generally no, but some schools will. Ask the financial aid office if they'll classify your loans as living expenses, not academic, so that you'll get it back.
Thank you for the clarification!