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Yes, It can depending on how you explain yourself to the Lender.
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∙ 16y ago
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Can you use student loans for childcare?
No
Know How to Spend Low Interest Student Loans?
Some students assume they can use their low interest student loans to buy anything and everything. The truth is there are strict guidelines over how a student can use his or her low interest student loans. A student should be sure that he or she is only spending the money on living expenses and school expenses.
If you have outstanding student loans and die is the estate charged for the student loans?
Actually, that's not true - student loans are forgiven when the student dies.
What can federal student loans be used for?
Federal student loans can be used to pay for college tuition, and if you have any funds left over after paying your tuition, you can use those funds to pay for other school-related expenses, such as textbooks, rent, school supplies, child-care, etc. http://Studentaid.ed.gov will provide the best answer to this question.
How long does it take to pay back student loans?
Loan Calculators You can use this student loan payoff calculator to estimate how long it will take to pay off your student loans. Use this tool to determine how quickly you'll pay off your student loans. By making a higher monthly payment, you can shorten the length of your loan.
Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
What are the differences between direct and indirect student loans?
The difference between direct and indirect student loans are direct loans come to you in your name to deposit and use for school. Indirect loans go stright to the school and are used just for tuition.
Are there school loans for older people?
Yes, people of all ages can use the federal and private student loans.
What company provides direct student loans?
There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.
How fast are fast student loans?
Student loans can be as fast as one hour or up to 48 hours depending on the service you use. Studentloans is a website that will guide you through the process of a student loan and what companies are recommended.
Can private student loans be consolidated with federal student loans?
Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.
Can you use student loan money as a down payment on a house rather than use it to pay rent?
Using those funds on your new home will knock you into a different tax bracket and may jeopardize your chances of getting future loans. Remember, part of the student loan process is providing your tax returns.
