Does Financial Aid Pay for Housing?

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A portion of student loans and scholarships can go towards living expenses, and most schools will supply additional funding if a person chooses to live on campus. Find funding for student housing with help from a financial aid officer in this free video on financial aid and student loans.

Part of the Video Series: Financial Aid
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Video Transcript

Hi, my name is Brook Kramer, and the I'm the financial aid officer for Argosy University in Salt Lake City, and today we're talking about if financial aid covers housing. And the short answer to that is yes. A portion of your loans and scholarships, or any type of financial aid that you receive, can go towards your living expenses. Now the first thing you need to decide though, is if you're going to live on campus or if you're going to live off campus. If you live on campus, most schools will supply additional funding to go towards your living expenses. If you live off campus or with your parents, then you need to find funding more through savings or through working to fund most of your living expenses, though a portion of that funding from federal aids and scholarships will cover part of those living expenses. If you have any other questions regarding funding for housing, you can always go to the Department of Education website, and they can answer most of your questions there. If you have any other questions, please feel free to check out our website at


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