Yes - I just spoke to a financial aid person at my son's college. The college will get the check and will take their money first (tuition, fees, meal ticket - if applicable) and disburse whatever is left to the student after the Ad-Drop period which at my son's school is approximately the third week in October. The student will have to come up with the off campus rent for Sept., Oct., and maybe Nov. before obtaining the check from the college for the unspent amount of the college expenses.
Student Loans Covering Off-Campus HousingStudent loans are to be used for Cost of Attendance, which can include off-campus housing and living expenses. HOWEVER, your financial aid office at your school is the ultimate arbiter of what is legit. Most would agree that off-campus housing is legit. Now, I have heard tell of many things not-so-legit that student loan money gets used for. Sure, they cut you a check for the extra leftover money and how can they really know...? But be warned that if they find out you are doing something less-than-legit with loan funds, you might find yourself with your loans "decertified" and unable to get more. Not worth messing up your education to use loan funds to buy something inappropriate. The other thing which needs to keep in mind is to take a suitable loan for you that can offer you extra benefits in terms of interest rates, pay off period etc.
A parent PLUS loan covers this expense. You can do a web search and find out more, I have PLUS loans for my son and it covers books, housing, transportation food and many other things. interest rate is about 6% right now.
Yes you can use private student loans for anything but be sure and pay your school expenses first! Federal loans normally don't cover all of your education expenses so it will be harder to use those!
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The Department of Housing and Urban Development (HUD) offers direct loans through its Section 202 Supportive Housing for the Elderly program to finance the construction or rehabilitation of housing projects for the elderly. These loans help provide safe and affordable housing options for elderly individuals.
To insure home loans
To insure home loans
Housing and Urban Development
Housing and Urban Development
Housing and Urban Development
Housing and Urban Development
Housing and Urban Development