Anyone use their Fin-aid loans for housing off campus?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
lillawyer2
Posts: 750
Joined: Sat Jun 06, 2015 6:43 pm

Anyone use their Fin-aid loans for housing off campus?

Postby lillawyer2 » Tue May 09, 2017 11:01 am

How does the process work? Did you have to wait till after the senester started to move out?

cavalier1138
Posts: 4011
Joined: Fri Mar 25, 2016 8:01 pm

Re: Anyone use their Fin-aid loans for housing off campus?

Postby cavalier1138 » Tue May 09, 2017 11:27 am

Loans are loans. They don't disburse them to you on a monthly basis after you submit proof of proper housing. You get a lump sum at the beginning of the semester, and it's up to you to budget accordingly. There's no special process based on where you live.

lillawyer2
Posts: 750
Joined: Sat Jun 06, 2015 6:43 pm

Re: Anyone use their Fin-aid loans for housing off campus?

Postby lillawyer2 » Tue May 09, 2017 11:44 am

cavalier1138 wrote:Loans are loans. They don't disburse them to you on a monthly basis after you submit proof of proper housing. You get a lump sum at the beginning of the semester, and it's up to you to budget accordingly. There's no special process based on where you live.


Ok, I get a lump sum (beginning of the semester) and budget accordingly.


Thanks!

goldenbear2020
Posts: 582
Joined: Wed Aug 17, 2016 11:47 pm

Re: Anyone use their Fin-aid loans for housing off campus?

Postby goldenbear2020 » Tue May 09, 2017 1:55 pm

Loans may be disbursed as late as the first week of classes, so you'll need to have the security deposit and first month's rent ready before that.




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