Jordan
I could easily pay for tuition + room and board through scholarships because of the scholarships are pretty good in my state and at the college. My problem is I can't pay for the other things like a laptop, books, etc....well I could but it depends on how scholarships pay out. Are they (and loans) paid directly to the student most of the time or directly to the school???
Answer
They usually pay to the school first. Then the school applies your aid to your bill and refunds to you the amount that's over your aid. Some aid (not often) pays directly to the student and it's up to you to pay the school. Some is also paid after-the-fact, you pay tuition and fees, take and pass the class, then the aid reimburses your costs. Most though is paid directly to your school and then the school releases it to you.
Many forms of aid have a timeline for when your school can release it though - it's not usually first day of classes or even before. Many schools won't release aid for a first semester freshman until many weeks into the semester.
Very many colleges will allow you to use your financial aid overages in the campus bookstore for textbook purchases on account and will add it to your tuition bill. They then reduce your financial aid refund by that amount and pay your bookstore bill too.
It's a very common scenario though for new students to need to come up with significant cash before their first semester in order to get the whole process started. Some of us suggest that the very best solution to that problem is a $500 secured credit card which you use to cover those needs in the beginning of each semester and then pay off when financial aid releases.
ADD: yes, they do give financial aid for laptops et al. Those are school supplies in the modern world. Further, in 2012 when average tuition and fees at even a state university often exceeds $20K per year - there aren't very many 18 year-olds paying their own full way by working anymore. That stopped being possible when tuition started costing more than 18 year-olds can earn working.
They usually pay to the school first. Then the school applies your aid to your bill and refunds to you the amount that's over your aid. Some aid (not often) pays directly to the student and it's up to you to pay the school. Some is also paid after-the-fact, you pay tuition and fees, take and pass the class, then the aid reimburses your costs. Most though is paid directly to your school and then the school releases it to you.
Many forms of aid have a timeline for when your school can release it though - it's not usually first day of classes or even before. Many schools won't release aid for a first semester freshman until many weeks into the semester.
Very many colleges will allow you to use your financial aid overages in the campus bookstore for textbook purchases on account and will add it to your tuition bill. They then reduce your financial aid refund by that amount and pay your bookstore bill too.
It's a very common scenario though for new students to need to come up with significant cash before their first semester in order to get the whole process started. Some of us suggest that the very best solution to that problem is a $500 secured credit card which you use to cover those needs in the beginning of each semester and then pay off when financial aid releases.
ADD: yes, they do give financial aid for laptops et al. Those are school supplies in the modern world. Further, in 2012 when average tuition and fees at even a state university often exceeds $20K per year - there aren't very many 18 year-olds paying their own full way by working anymore. That stopped being possible when tuition started costing more than 18 year-olds can earn working.
Do Mac Laptops retain their value well?
Em
I am looking at investing in a macbook air (june 2012, 13.3inch) for my final year of uni - I already have a desktop computer but need something small and reliable to take into uni with me for lectures and uni work. I was wondering if they hold their value well - so if I found I no longer needed it a year later when I finish uni, would I be able to get most of my money back?
I also get a 15% discount for being a university student, so the £1000 model will actually cost £823 (after 3% quidco cashback aswell)
Or would it be better to buy the slightly older model second hand already?
Answer
It'll devalue + it's going to be used.
You'll probably get <= 60% of your money back.
It'll devalue + it's going to be used.
You'll probably get <= 60% of your money back.
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Title Post: How do scholarships and student loans pay students?
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