True Story: I have a buddy that took out a student loan so he could come to New Orleans with a group of us for spring break. Spent damn near the entire amount on booze, strippers and drugs…. the rest he just wasted.
One year the financial aid office called me and said I needed to come up there. I owed over $1200 and had no idea where I was getting the money. My school usually worked with you and I did have two jobs so I was thinking while I trudged all the way up there that I might be able to bargain with them and give them 100 a week for the whole semester and get it paid off.
When I got there, with my head hung low, I gave them my name and told the lady at the computer I had been called to the office. She typed away and as I am waiting to hear "you owe us..." she says, "I'll have your check in a moment."
I said, "Um...what? Don't I owe you $1200?" (really stupid question)
She says, "Well, let me look," tappity tap tap on the computer keys, "Nope. You got a pell grant for $2400. Looks like we owe YOU $1200."
I walked back to my fraternity house staring at the check in total disbelief. I can also tell you I didn't spend a penny on anything I should have, but dang I had fun that semester.