Does Financial Aid Cover Online Classes?
Q: Can I use financial aid to pay for online classes? Will student loans cover the cost of online classes?
A: Yes, financial aid and student loans can be used to cover any and all education related expenses.
This includes the cost of tuition, fees, books, housing, food, transportation, and even entertainment. But because so much financial aid is available, student need to be extra careful not to borrow more financial aid than what is needed.
Remember that most financial aid comes in the form of student loans that must be repaid.
The amount of financial aid that you can receive is based on your total Cost of Attendance. The Cost of Attendance includes tuition and fees; on campus room and board (or a housing and food allowance for off-campus students); and allowances for books, supplies, transportation, loan fees, and, if applicable, dependent care.
The Cost of Attendance also includes miscellaneous and personal expenses, including an allowance for the rental or purchase of a personal computer. Costs related to a disability are also covered.
The Cost of Attendance includes reasonable costs for eligible study-abroad programs as well. For students attending less than half-time, the Cost of Attendance includes tuition and fees and an allowance for books, supplies, transportation and dependent care expenses; and can also include room and board for up to three semesters or the equivalent at the institution.
But no more than two of those semesters, or the equivalent, may be consecutive. Talk to the financial aid administrator at the school you are planning to attend if you have any unusual expenses that might affect your cost of attendance.
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