re: Operation Red Dog II

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If its federally guaranteed, it goes through the school first through, right?

And the school refunds to the student any parts of the loan not used on tuition and fees?

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Yes, any parts not used on tuition, fees, and remaining balances on your student account. If you paid any part of your student account with a credit card prior to disbursment, they will also credit that amount back to the credit card.

Technically, the loan agreement says that you won't use the money for anything not related to school and school-related living expenses. To be honest, I used a portion of one of my loans to go to a bowl game one year and to put new tires on my truck another year. Technically, those weren't strictly school-related expenses and I wasn't supposed to do that.

I don't know what all the scholarships cover besides dorm fees, tuition, and books, but there are a good many other associated costs that any student athlete would have to pay and, therefore, need a student loan to cover: parking fees, activity fees, user fees, and even food (they're limited on how many school-purchased meals they can have), for example.