Can I use my FAFSA money to pay for my real estate salesperson course?
I'm 18 and live in California. Im renewing my FAFSA for 2019-2020 school year and wanted to know if I can pay for my real estate salesperson course using my FAFSA. The course is around $200.
- 6 months agoFavorite Answer
If the course is taught by the college you're attending, then yes. Otherwise, you'd have to wait until all your financial aid disburses for your college tuition and fees and book expenses and room and board if applicable. If there is leftover financial aid after the disbursement, then your college may issue you a check or deposit the leftover aid into your personal checking account. You can do whatever you want with the money at that point.
When I was in college, I would sometimes receive a check from my college for leftover financial aid after disbursement.
- nancyLv 76 months ago
To be eligible for federal student aid (FAFSA), you have to be enrolled at least half time in an eligible degree or certificate program at am eligible school that participates in the Title IV program. If the course is only $200, chances are it doesn't meet those criteria, so it's unlikely that you could use FAFSA funds to pay for it. However, it would be best to check with the school that's offering it to determine if it qualifies. If not, they may be able to suggest alternatives, such as a payment plan or private student loan.
- 6 months ago
First, FAFSA is an application, not an aid program. Can you use Federal Funds (grants, loans, work-study) for a really short real estate course? Probably NOT, if all you are taking is the real estate course. Speak to the people at the place you are taking the class - they may have access to STATE funds that might help you - otherwise, call you local Unemployment Office and ask about any education programs you might qualify for. Lastly, if you receive assistance from your state's DHHR agency, THEY might have funds to help you.
- Anonymous6 months ago
You can use it for whatever you want.
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- A HunchLv 76 months ago
If you receive cash for living expenses, it can be used for almost anything.
It's illegal to invest it.
- ibu guruLv 76 months ago
Unlikely. Financial aid is credited first toward your school's tuition, fees, room & board, other bills from the school itself. Real estate courses are not covered by FAFSA.