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Typically, (at least in my experience with federal loans) the government sends you and the school your award letter and then when you sign up for classes, you tell the school how much you want to borrow based on your credit load. You are able to take more than that out to pay for books and a computer for school use, but it is only meant specifically for school.

If you inform the school that you need more than is allotted for your credit load, they send you a check in the mail for the difference.

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Q: Do they send you a check for financial aid if you get approved or do they pay the school?
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