Jul
06
Information on student loans? Are you allowed to use them for rent and other living expenses?
By
I’ve been at community college for the last few years and am finally moving up, but money is tight…When you get a student loan can you use it for other expenses than just tuition? Because here in San Diego tuition is cheap compared to my rent!!!
Repossession
Can a Student Loan be used to buy a home. I found a place that is cheap and I’m already using loans for rent?I found a house that is $15,900, mostly in need of cosmetic help. I am and have been paying rent with my student loans, but I’m curious if I am...
Get Student Debt Consolidation LoansStudent Loan consolidation can be the best friend of any student who has just completed their course and graduated from their college or university. Most students who just come out...
Student Loan Consolidation May Get you Up to 20 More Years to Pay Off your Student LoansIf you’re a former student or a college parent with any outstanding federal student loans, you may be able to get up to 20 more years to repay just by...
Auto Loan, Student Loan, & Financial Aid Help?I’m currently thinking of applying on all three this summer. I have a full-time job but seeking to replace with a part-time job to pay my bills and make room...
Where can I get a good student loan or student grant for my daughter?I need to see about getting a student loan or a student grant for my daughters college fees? What’s the best one?Repossession...
Leave a Comment
You must be logged in to post a comment.
7 Comments
November 1st, 2009 at 8:39 pm
Yep, you can…but if you are in san diego look for falling rents as the market has a glut of housing.
November 5th, 2009 at 2:58 am
you can use a student loan for anything you want. you don’t have to use it for school at all if you don’t want to, just remember you have to pay that back at some point or it’ll bite you in the butt
November 7th, 2009 at 6:47 pm
yes you can use it after you pay all the tuition, then you can use your refund for everything
November 10th, 2009 at 10:47 pm
Yes you can use it for whatever you want. If you apply for student aid and you get more than you need, then after all other student costs (tuition, books, etc) are paid to the school they will send you a refund check for the difference. This works especially well if you get an extra loan in addition to the federal aid you get. But you will have to pay it back after graduation so be careful.
Also it isn’t an instant rebate, it takes awhile to get it.
November 11th, 2009 at 12:03 pm
Yeah it’s your money, you can do whatever you like with it.
November 13th, 2009 at 6:05 pm
Yes you can! Student loans are to provide everything that a student needs including transportation!!!!
November 16th, 2009 at 10:46 pm
yes, you should receive any aid in excess of university charges. that said, the only thing FAFSA says you absolutely CANNOT use loan funds for is to purchase a car. you can use if for maintence, gas , etc, but not to buy.