If you live on campus, financial aid will be applied towards your room and board after paying tuition and fees. However, if you live off campus, once tuition and fees are paid, you’ll receive a check with the remaining money allotted for that semester to pay rent, purchase food, and buy other items.Click to see full answer. Also, does fafsa cover off campus housing?Yes. If you receive financial aid, you can use it to help pay for off-campus housing. The Free Application for Federal Student Aid (FAFSA) says that you can use these dollars to pay for the cost of attending an institution of higher education, which includes room and board, including off-campus housing.Secondly, can financial aid be used for rent? Q: Can financial aid or student loans be used to pay rent on an apartment? A: The answer is yes, but you need to be careful how much you borrow and what types of student loans you borrow. Financial aid and student loans can cover the cost of books, housing, food, transportation, and even entertainment. Subsequently, question is, how does financial aid work when living off campus? Living Off-Campus. If you live off-campus, your financial need is calculated exactly the same way as if you lived on-campus. The major difference is that the bursar will not charge you for your housing expenses. You will need to pay your housing expenses directly to your landlord, as outlined in your lease.Can a parent PLUS loan be used for off campus housing?Yes, all forms of student loans can be used for qualifying educational expenses, which includes reasonable housing costs, both on- and off-campus. Make sure he includes his rent, utilities, parking, etc in his budgeting so that you both borrow enough, but not more than needed.