One can purchase a student plus loan from various websites like Direct and StudentAid. Both websites offer a variety of student plus loans which can be purchase directly from the websites.
Read your loan application carefully. It is probably fraud.
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 the instruments are needed for your classes, yes.
Yes, buying a car will depend on your credit score.
No, that's why its called a student loan, it can only be used for educational purposes. The exception would be some student loans allow you borrow more than needed to pay for expenses such as gas, daycare etc..
They could not repay the loans or afford to buy basic necessities
The different types of consumer loans available in the market include personal loans, auto loans, student loans, and home loans. Personal loans are used for various purposes, while auto loans are specifically for purchasing vehicles. Student loans are for educational expenses, and home loans are used to buy or refinance a home.
It will follow you for the rest of your life! After you default it's said it takes 7 years but it will always be on your record. There are options of repayment but most likely you will be paying for the remainder of your life. Face it; you're a slave in this corporate world so pay what you can if you want to buy a car or a house. Oh, did I mention your tax returns? They will take your tax returns and garnish your pay check if you ever get a job and work!
YOUR CREDIT CANNOT GO DOWN? UNLESS YOU FORGET TO PAY THE LOANS ON TIME. IN FACT YOUR CREDIT WILL GO UP AND YOU'LL BE ABLE TO BUY MORE STUFF AS THE LOANS ARE PAID OFF.
People that go to college often find they are burdened with large amounts of student loan debt. Students can consolidate their debt to help make payments more manageable and to reduce their stress. The federal government offers the lowest cost consolidation program; they will buy all of the student's loans and combine them so that the student only has to make one payment instead of several. Students can discuss this with their financial aid officer or lenders.
You could use you loan for that but I think it would be an unwise thing to do.
Technichally, no. Student loans are usually disbursed directly to the school you are attending in order to pay off direct education expenses such as tuition and living fees. However, any left over loan money after these have been paid off will be sent directly to the student for general living expenses, of which clothes are included.