you can buy whatever you want with the money you get back. personally i'm going to pay off my credit cards. however remember that you have to pay that money back so don't just get your check and go on a shopping spree. i know lots of people who saved their money and used it to live off for the whole semester my friend loved it she never had to get a job.
You can do this after you have used the funds to first pay tuition, fees, room and board, textbooks, supplies, etc etc. They usually cut a check about a month after the last day to add or drop a class.
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