Why Financial Aid Makes You Feel Broke

Financial aid is supposed to help… so why does it make so many students feel broke?

In this episode of the Money Misfits Transfer Arc, we break down the real experience of financial aid — not the version schools advertise.

Because here’s the truth:
👉 Your financial aid doesn’t show up when you need it
👉 It hits all at once… and disappears fast
👉 And if you don’t understand the timing, it can completely mess up your cash flow

I sit down with former student + returning guest Michael McDermott to talk through:

What financial aid actually looks like after you transfer

Why students feel stressed (even when they “have money”)

How timing—not just amount—creates financial pressure

What to watch out for when receiving and spending aid

This isn’t about formulas or theory.

This is about how financial aid actually feels — and how to avoid the trap most students fall into.

🎯 If you’re a student, this episode will help you:

Understand why you feel broke even with aid

Avoid blowing your refund too fast

Plan around delays and gaps

Think differently about your money before it runs out

🔥 Related Episodes:

“Your Bank Account Is Lying to You”

“The First 30 Days After Transfer”

“Why Students Feel Behind Financially”

💬 Comment below:

What surprised you most about your financial aid?