You can check for appropriate information with the Federal Student Aid office of the US DOE. The website is listed below. Note the following:
"Grants and Student Loans: Typically, the college first applies your grant or loan money toward your tuition, fees, and (if you live on campus) room and board. Any money left over is paid to you for other expenses. You might be able to choose whether the leftover money comes to you by check, cash, a credit to your bank account, or another method."
Your school must pay you directly (for instance, by cash or check) unless you request that the school
send your payments directly to your bank account or use the money to pay for education-related charges (such as tuition, fees, and room and board) on your student account."