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Can financial aid money be put toward a college housing deposit?

I am planning on attending college in the fall and I want to apply for housing but don’t have the $250 deposit readily available. I am planning on filling out my FAFSA around January 20th, when employees get their W-2 work forms. Can the money I receive from financial aid be used toward the deposit? Will it be too late to apply for housing? How soon will I get the check? Thank you in advance for everyone who attempts to answer :)

No simply because you won’t have the money until a very short time before or after the school year starts. And you will only get a refund (extra money in a form of a check) if there is any money left over after your tuition and fees have been paid.
If you are having trouble with the deposit, call up the housing office and see if they have any sort of system to help you. You’re not going to be the only person they’ve encountered with these sort of troubles.

This entry was posted on Monday, February 22nd, 2010 at 1:31 pm and is filed under financial aid. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Can financial aid money be put toward a college housing deposit?”

  1. No simply because you won’t have the money until a very short time before or after the school year starts. And you will only get a refund (extra money in a form of a check) if there is any money left over after your tuition and fees have been paid.
    If you are having trouble with the deposit, call up the housing office and see if they have any sort of system to help you. You’re not going to be the only person they’ve encountered with these sort of troubles.
    References :

  2. money is the root of all evil
    References :

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