King said that the background checks are set by federal regulation. They state that income and investment debts are the main items to check. However, some students, like Chris Wade, have found no real problems with their financial aid. It offers them the opportunity to excel. As for other questions about students not receiving their financial aid on time, King said that financial aid is not for students to pay their rent, car payments, or other bills, and that students get the wrong idea about this often.
Financial aid is for students to pay off educational expenses such as tuition fees and books.