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additional money not needed to pay tuition and board will be refunded to you by the school, anything you buy that is related to your education in college is allowed expense as far as anyone is concerned. Save the receipt and declare it on your taxes.

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16y ago

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Can you buy a car with a student loan in the UK?

You could use you loan for that but I think it would be an unwise thing to do.


What can you use your student loan for?

pay for collage


Can the cosigner of a student loan be removed from the loan if the student did not use the loan for its intended purpose And the student did not finish college and is not paying the loans?

NO you have s secondary obligation for the note, not the money or how it was or was not used.


How can I figure out my student loan payments?

To figure out your student loan payments, you can use an online loan calculator or contact your loan servicer. Input your loan amount, interest rate, and repayment term to determine your monthly payments.


What can the funds from my federal student loan be used for?

Generally speaking, yes, your student loan can be used for other items such as a computer. Some people even abuse student loans and use them on all kinds of non-school related things. Just remember you have to pay it back no matter what you use it for. http://studentaid.ed.gov/students/publications/repaying_loans/2009-2010/receive.htm


Can you use your student loan for buying a car?

Yes in theory you can, once you receive your student loan as a lump sum you can use it for whatever purpose. But it is not wise due to the risk of your education.


Can you use a student loan to pay bills?

Is it possible? Yes. Is it legal or within the terms of your loan? No.


Where can I apply for a student loan?

You can apply for a student loan through the Student Loans Company. To register and apply go to www.studentfinance.direct.gov.uk The website provides advice and a calculator to calculate the the amount you are entitled to.


What is meant when bankers and investors use the words student loan consolidation interest rate?

When bankers and investors use the term "student loan consolidation interest rate," they are referring to the interest rate that borrowers will be charged when they consolidate their student loans. Student loan consolidation allows borrowers to combine multiple loans into a single loan with a new interest rate, typically based on the weighted average of the interest rates of the loans being consolidated.


What will my student loan payment be?

Your student loan payment will depend on the amount you borrowed, the interest rate, and the repayment term. You can use a loan calculator to estimate your monthly payment based on these factors.


Can you use your Stafford student loan to pay off debt?

No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.


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.