What would you do if you received more scholarship money than you needed.

Mandychelle79, ASN, RN · Sep 9, 2011

I used my extra monies to buy my gas to get back and forth to the clinical sites, for a laptop, supplies for class, and of course lunch.

ParkerBC,MSN,RN, PhD, RN · Sep 9, 2011

I would use it to buy some PowerBall tickets in hopes that I would win big and retire right after nursing school:lol2: :lol2: :lol2:

I don't know. I had to finance my education, so I have never been in such a position. What I do know is that I would use it to reduce my overall costs. Equipment, gas, lunch, ect...

NellieOlsen · Sep 9, 2011

Assuming you mean the funds were received legitimately and not due to an error? I received a full Pell this semester and had funds left over after tuition and books were paid for. I used the funds to buy a laptop for school.

33762FL · Sep 9, 2011

Assuming it's legitimate rather than a computer error, I'd talk to the school to see that it's applied to next semester's tuition for you.

llg, PhD, RN · Sep 9, 2011

Like others, I am assuming that I received the money legitimately -- and it was not due to an error or something like that.

In fact, when I was in graduate school I actually DID get approved for a student loan amount that was more than I actually needed. And as it was a government subsidized loan, it was interest free until 6 months after graduation. Here is what I actually did.

I took out the loan and put it in a money-market account (which was earning interest back then) and kept it safe as an emergency fund. That way, it would be available if something unexpected came up -- but I didn't spend more than I actually needed. I kept the "extra" untouched as I graduated and moved to another part of the country. When the 6-month post-graduation time approached and I would start accruing interest on the loan -- I paid it back. By then I had saved up a little emergency fund from my paychecks at my new job. That left me with just a small student loan to repay over the next 3 years.

tokyoROSE, BSN, RN · Sep 9, 2011

With my Pell grant and nursing scholarship, I had a nice amount of money left over. It is sitting nicely in my bank account, I am saving up to buy a new car once I graduate.

tiffie275 · Sep 10, 2011

I usually try to have a little extra after tuition and books for living expenses (gas, bills, etc) since I can't work as much as I did before I started school. Its a little to pay back in the end, but worth it to keep from falling behind on bills now imo.

Student4_life · Sep 10, 2011

I should clarify.Let's say the merit based scholarships were all received legitimately, and that the first 3 paid for the complete cost of going to school, tuition and fees covered, as well as a sizable monthly stipend, also include another 10k in scholarship funds to be used as needed over the next two years (all told the first 3 scholarships meet the entriety of your need, sans a new computer which you'd like to have, but don't really need).

In this situation, what would you do?

Pneumothorax, BSN, RN · Sep 10, 2011

most likely spend it on school related items..cuz besides food, its what sucks up most of my money -____-

but before i do that, id get it in all $1 bills sit in my room and throw it in the air like i won the lotto. lol

tfaith09 · Sep 12, 2011

keep it and save it, the same thing happens to me and I use it to pay for health insurance that the school requires, supplies, books..ect... but always have some in savings with the economy how it is you can never be sure that you will get as much from year to year and its better to be safe then sorry

freckels65 · Sep 12, 2011

I received a pell grant and several scholarships. The pell grant covers my tuition and books and I'm using the scholarships to help cover living expenses since I can no longer work full time. I plan to pay it forward after I graduate and am working as a nurse by donating to a scholarship fund. I know how much having it has helped me.