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does financial aid check my bank account?
ok when i get my financial aid money, they send me a check. they dont transfer the money directly to my Chase bank account like some people, so i go to the bank and deposit it. im just wondering if they look at my bank statements and determine how much theyre gonna give me. like if i have a lot of money in my checking and/or savings account
3 Answers
- Anonymous10 years agoFavorite Answer
I don't believe so, If I am remember correctly the lender sends the money to the school you will be attending, the school takes out their cut and the school is the one who will distribute your financial aid, not the lender.
Source(s): Going through Financial aid. - sutliffLv 45 years ago
that's authentic that your sources, besides as those of your mothers and dads, are considered in financial help judgements. they gained't deny you finance help for that reason, yet once you have a considerable sum of money that's going to shrink the quantity of assist you to'll receive - faculties will anticipate you to apply the money you have stored in direction of college expenses. maximum everyone seems to be a procedures, much greater effectual off saving for college and taking the proportionally smaller hit in financial help money, besides the shown fact that that's achieveable you need to be an exception. you may communicate on your severe college college counselor to get all the biggest factors. in the journey that your loved ones has a financial planner it could additionally be clever to chat to him/her.