Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
4 posts • Page 1 of 1
- Posts: 4265
- Joined: Tue Dec 02, 2008 3:23 am
It's legal to spend your loan money on anything you want. But, it's not a budgeted-for expense, nor is it an educational expense, so they won't lend you money for that purpose. You could, however, decide not to have an apartment, for example, and buy a car instead.
- Posts: 9740
- Joined: Sun Dec 21, 2008 3:02 am
Your loans are to be used for whatever living expenses you find necessary. If you can budget car payments into your loan disbursement and still afford things like an apartment and clothes, then go for it.
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