Final answer:
Scholarship money is normally paid directly to the school's financial aid office, covering tuition and fees first, with any excess sent to the student for other expenses. Students must maintain satisfactory academic progress to remain eligible for aid and should complete a FAFSA® form each year.
Step-by-step explanation:
Usually, your scholarship money is paid directly to the educational institution you are attending. When you are awarded a scholarship, the funds are typically sent to your school's financial aid office. This office will then apply the scholarship amount to the balance you owe for tuition and fees. If there is any excess scholarship money after your school costs have been covered, the remaining funds will be sent to you to use for other college expenses such as books, supplies, and living expenses.
It's important to maintain eligibility for financial aid, which includes making satisfactory academic progress. Remember to complete a FAFSA® form annually to ensure that you continue to receive any financial aid for which you are eligible.