How can I use loan money?

Discuss Stafford, PLUS, Direct, and other federal loan products.

Moderators: Ms. Stafford, Financial Aid Guru

How can I use loan money?

Postby EMRigney » Fri Mar 22, 2013 11:25 am

I am going to be a sophomore in college and I am thinking about moving off campus next year. I know I was able to use the loan money I received to pay for my housing (on-campus), but will I be able to use loan money for an apartment if I choose to get one?
Posts: 1
Joined: Fri Mar 22, 2013 11:21 am

Re: How can I use loan money?

Postby Aid Whiz » Wed Mar 27, 2013 7:30 am

Yes, loans can be used to cover your school's Cost of Attendance (COA), and schools typically factor in a certain amount for housing, whether on or off campus.
Student Advocate, The Student Loan Network

Check out the Student Loan Network Official Blog for the latest in financial aid news and information!

Follow us on Twitter for helpful tips and tricks for financial aid!
Aid Whiz
Veteran of Financial Aid
Posts: 626
Joined: Wed Mar 30, 2011 8:25 am

Re: How can I use loan money?

Postby arminparker » Thu May 09, 2013 2:22 am

The loan amount is yours,,,,it's all are depend on you that how use them.
Posts: 5
Joined: Wed May 01, 2013 4:28 am

Return to Federal Loans

Who is online

Users browsing this forum: No registered users and 3 guests