Use cash to pay off taxes, credit card bills, and if you're planning a major purchase soon, take cash to do it now. Whatever you do, be sure your cash flow can handle the increased monthly payments on any loans and don't make foolish decisions. No need to repay. Gives the student a chance to earn money to pay educational expenses. Encourages continuous work service.
Federal government pays college up to approved amount.
Most students receive a combination of gifts, work-study, and loans. This is called The Financial Aid Package and is decided by the financial aid office of the college attended.