I'm sure this has been asked before but I couldn't find specific posts about it using the search function. We applied for a Parent Plus loan and received an overage each semester above the cost of tuition and room and board and fees. I assume this can be used to cover books and transportation costs etc. Based on the costs we've calculated there will be some money left over.
What do we do if there is loan money left over after paying these other college costs? Can you give it back or keep it to use for emergencies etc? Does it need to stay in my son's bank account?
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