Departmental Scholarship Disbursement Authorization - Grant 2025

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That depends on the scholarship. The money might go directly to your college, where it will be applied to any tuition, fees, or other amounts you owe, and then any leftover funds given to you. Or it might be sent directly to you in a check. Was this page helpful?
Luckily, most of the time, scholarship money isnt deposited directly into your bank account. But when it is, its important to double-check the terms of the award before you start spending.
A grant is a gift that does not have to be repaid; it is based on the students financial need. A scholarship is an achievement award which is usually based on academic grades, abilities, skills, test scores, class rank, etc.
Typically, scholarship funds will be sent directly to your university (after you provide the proper financial aid office instructions and your student account/ID number) or sometimes funds are disbursed directly to you for use on education-related costs.
Scholarships can only be used for the qualified education expenses of tuition, lab fees and books. Thats it. Any scholarship money used for anyting else, including room board is taxable income to the student.
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Grants and Student Loans Generally, your school will give you your grant or loan money in at least two payments called disbursements. In most cases, your school must give you your grant or loan money at least once per term (semester, trimester, or quarter).

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