ITT Technical Institute Financial Aid Maumee Ohio

I recently enrolled at ITT Tech in the 2 year criminal justice program. While appying for financial aid they had me fill out a paper that states if I receive any overaward that it would be held by the school to help me budget, however I was free at any time to cancel or modify this contract.

After careful consideration of my finances and knowing I have two children in my care with a part-time job I decided it may be best to receive any monies that I may be eligiable for while receiveing my education. When I went back to the financial aid office they told me that I would be unable to make these changes.

How is this possible? I am the one who will initially be responsible for repayment of these loans so shouldn't I be the one who makes the decisions on how I want these funds dispursed?

Siobhan
Toledo, Ohio
U.S.A.