The total student budget includes living expenses along with tuition, books, and fees. The amount you borrow can go up to the total budget, and after tuition and fees are deducted, the school will issue you a check, or use EFT to deposit it straight into the bank account you specify. Usually the money is available shortly before school starts (like a day or two) but not everywhere, so plan to have at least living expenses for the first month of school (including the deposit for an apartment) and money for books. If your school uses blocks rather than semester long courses, you won't need to buy all the semester's books at the beginning, just some.