FAFSA Refund Check Confusion
I finally received my FAFSA refund check in the mail, and it has both my name on the envelope and the check itself. However, my parents are saying they’ll be the ones to deposit it into the bank since they covered my school tuition and feel it’s their refund. I’m a bit confused—does this check belong to them or to me? I didn’t contribute to my tuition at all; they’ve taken care of everything. Sorry if this sounds like a silly question!
Feeling like I’m not making the most of my college experience I’m a 21-year-old junior, and as much as I love college, I find myself dreading the day I have to leave. I know I’m involved in quite a bit—living with three of my closest friends in an apartment I adore, volunteering every weekend with […]
Navigating Roommate Finances: A Headboard Dilemma Living with a roommate can be a wonderful experience, but it can also lead to some unexpected financial dilemmas. One reader recently faced a tricky situation that many can relate to—how to handle an unasked-for shared purchase that feels a bit out of their budget. The Situation Our reader, […]
Is College Right for Me? Hey everyone, This is my first time posting here, and I’m feeling a bit overwhelmed. As a second-semester sophomore who completed all my general education requirements early, I recently decided to pursue a dual major. However, I’m starting to feel like college is adding more stress to my life than […]
It’s not a dumb question at all! The refund check from FAFSA is issued in your name because you are the student who filed the FAFSA and are technically the one receiving the financial aid. However, since your parents paid your tuition and are the ones who would benefit from the refund, it’s understandable that they want to deposit it.
Ideally, you should have a conversation with your parents about the situation. It’s important to clarify how the funds will be used and if they plan to give you a portion of that refund for your expenses. You might also want to check with your school’s financial aid office for guidance on how these checks are typically handled, as they can help clarify the rules surrounding the distribution of those funds. Ultimately, having an open and honest discussion can help you all come to an agreement on how to manage the refund.