If what your saying is…you got financial aid from the government, they payed your tuition and books ect. then you had some left over, they cut you a check for what was left over….then yes you can do whatever you want with it. cash the check, or put it in your bank, then do whatever you want with it. Technically what its for is to help w/ your other expenses such as gas to and from school, housing ect. so you bought that stuff and now they are paying you some of it back. you wont get in trouble if you spend it. i get finacial aid too and thats exactly what they told me, to do whatever i want with it, and i have been for 2 years and no one cares. its perfectly legal and your not breaking any rules. Think of it as free money…bonus!

Yes, you’ll receive the excess in a refund check. Save back enough money to cover your tax obligation. You do owe taxes on excess scholarships and grants unless it’s spent on an approved educational cost — and the IRS will not include rent as an approved cost (just a heads up). I’m not sure if you have any additional income in 2010… so I can’t estimate what you’ll owe – you’ll receive a form in January or early February for your taxes. The irs.gov site offers more information regarding approved expenses.

DO NOT use it to pay off a Friends debts. That’s financial stupidity! No matter how good a friend, you’ll never see it again, and you will lose a friend.

Put it on school needs, or invest it for a later year.

You may have to account for it; you may have to declare and pay tax on it ( I don’t know about this).

If you want to GIVE money as a gift to your friend ( which I don’t’ advise) put the grant in the bank, and write a personal check to your friend with the notation : “Gift”

give hima couple of 100 and put the rest in savings so tha you can start your adult like with a nice cusion. be a grown up