yes but in this case, the aid has no strings attached, and you only come into extra money after your child graduates. its more of an ethical question, if you are someone who truly feels like everyone should pay their fair share (and you may not be), and you got lucky with the timing on when you received a large amount of money (after college years), is it the right thing to do to pay back the college the no strings attached financial aid even though you don't legally have to.