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What can you use student loan money for other than tuition and books?
Wiki User
∙ 18y ago
What a student use it for or get away with! I have seen...used cars, computers, trips to sunny places, dates, books, classes, and I'm sure others have seen more. As long as you pay it back, I have never heard of any verification of the uses of the loan. I paid house taxes, auto repairs and obvious college costs as well as past debts consolidation.
Wiki User
∙ 17y ago
Wiki User
∙ 18y agoYou can also use it for housing, lab fees and association dues.
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Where can you get a private student loan that is not based on tuition?
there are a couple of credit based companies that will give a private student loan to creditworthy student and a co-borrower such as a parent if necessary. You can use the loan for tuition, books, transportation, housing, and any other related expenses that you'd have as a student.
Should parents sign the student loan so they can take the IRS tuition tax deduction or should the student defer payment until after graduation when they can use the deduction?
For most parentsTax benefits for college education can be deducted only in the amount of the tuition and fees paid, not for loan money used for room and board and most cases not for books. If the student has government grants and scholarships that pay part or all of the tuition, these funds have to be used for tuition. Then the amount available for tax rebate is only what is left from the tuition bill and the other 2/3 of the loan goes for room, board and living expenses which have no tax rebate.
What services does collegeboard offer to students?
There are a few different services to students, most of which involve helping student with expenses of college life. They help with living expenses, tuition, books and other common expenses for student if they are accepted.
What is the definition of student loan?
student loan is designed to help students pay for college tuition, books, and living expenses. It differs from other types of loans in that the interest rate is substantially lower and the repayment schedule is deferred while the student is still in school. ...
What is tuition and board at lim?
Tuition and board is about 38,000 per year. Including books and other supplies.
Does FAFSA pay for books?
FAFSA does not directly pay for books. However, after tuition and fees are covered, any remaining financial aid can be used for other educational expenses, including books. Be sure to check with your school's financial aid office for specific information on how your aid can be used for books.
Why do I need money for college?
To pay the tuition, fees, and buy the books and other supplies. Also you will need to pay for room and board so you can live while in college.
Student Grant?
form_title=Student Grant form_header=Whether you need to pay for tuition, books, living expenses or other fees- student grants can help! Have you filled out and submitted a FAFSA form?*= () Yes () No Are you considering a two year college or a four year university?*= () 2 year college () 4 year university Are you looking to be a full time or part time student?*= () Full time () Part time Are you currently receiving money from another student grant?*= () Yes () No
Can a cosigner on a student loan take the tuition deduction?
No tuition deduction exists to start..and if one did you couldn't as you incured no expense, other than finace expense
where can I get private student load and how can it help me?
A federal student loan is most likely only going to be used on your tuition expenses. This is due to the fact that some federal student loans, like the Stafford or Perkins student loan might only help you pay some of your tuition, in other words it wont cover the full cost of your tuition. In this case it obviously cant help you pay for outside expenses because it does not even cover the cost of your tuition. Private student loans can be much more flexible. A private student loan can be made to cover the entire cost of your tuition as well as cover outside expenses.
How can one obtain a consolidation education?
A consolidation education is an education where a student obtains loans in order to pay for their educational costs. One can apply for a direct consolidation loan, and use that towards tuition, books, and other fees.
Is student loans disbursed to the student?
Typically, student loans will first be disbursed to the school that the student is attending. The loan amount will first cover tuition and any other direct expense attained through the school (such as dorm fees). If there is any left over money after these fees have been paid off, it will be transfered to the student to use for general living expenses.
