Every student should make a budget beginning of each semester and spend the money received on student loan refund check for such college expenses as textbooks, or other basic needs for studies. (personalmoneyservice.com)
As mentioned in a previous article discussing student loan refunds, funding on your account comes from a combination of sources including financial aid, scholarships, student loans, and cash payments. (lendkey.com)
Occasionally student loan refunds are issued to students if there are funds left over after college costs have been paid. (salliemae.com)