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So after you complete your fafsa, financial aid will send you a letter to your address with your financial aid package. I got a total of 50k in loans and no scholarships/grants. There's a form in the letter that asks you to either accept or decline your loans. Sign that and submit it to financial aid. The cost at downstate is approx 68k so you can request an increase in loans to cover any gaps you feel are present.Does anyone know how financial aid gets distributed? I know it goes straight to the school for tuitions and fees first, but when do we receive the left over portion? Kind of worried about how much money I need to have on hand to survive... I called financial aid but they hung up without explaining fully, must be a busy day.
Then financial aid forwards the amount of money you accepted in loans to the bursar. The bursar will use money towards tuition and fees. The rest of the money is given to you as a check.
Hope this helps!