if you get a grant and it’s not all used for school where does the rest of it go?
January 16th, 2010 | 
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Hi and welcome to my blog,
I opened this blog to help anyone who is preparing for his SAT.
I remember myself when I started - I was so lost and in such a panic.
Luckily I got this great SAT guide that helped me a lot . So study hard and good luck!
i applied for fafsa and i live in california. if i get approved for fafsa and not all the money gets used for my college what happens to the rest of it? they said i could get 5300 dollars, but my college will only cost about 1500. so where is the rest of that 5300 going to go? straight to me? or does it get saved for my next semester? i really need a laptop for school, which is why i am wondering what will happen to the rest of that money… and i also need to buy books. could the rest of the money be used to buy my books?
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They divide your award in half and pay the school first each semester. The remainder goes to you.
The $5300 is to be used for 2 semesters. So for this semester you’ll get $2,650 then the school will pay the tuition. So you’ll get roughly about $1100 refunded to you for books first and whatever else you need.
You will be awarded $5300 for spring and fall (i’ve never considered summer semester…..), if you take full load (usually 12 units).
if you take less than that, then the $2650 amount per semester will be calculated according to how many units/credits/hours you take. Hence, if you take 9 units, you could get roughly $1987, a part which will be dispensed automatically to your school, and the rest will be refunded to you after classes have started…… approx 2-4 weeks.